This property looks like a bad Mid-Term investment with a projected -6.23% first-year return on $127k initial cash invested.
-6.23%
Cash On Cash
5.42%
Cap Rate
0.83
DSCR
$4,328
Rent
-$661
Cashflow
Cash Flow
$4,328 income − $4,989 expenses = $661 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,202
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,328
Total Expenses
$4,989
Mortgage P&I
66%
$2,836
Property Taxes
12%
$502
Home Insurance
4%
$180
HOA
0%
$0
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476