This property looks like a bad Mid-Term investment with a projected -6.69% first-year return on $128k initial cash invested.
-6.69%
Cash On Cash
5.49%
Cap Rate
0.82
DSCR
$4,490
Rent
-$712
Cashflow
Cash Flow
$4,490 income − $5,202 expenses = $712 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,225
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,490
Total Expenses
$5,202
Mortgage P&I
65%
$2,922
Property Taxes
13%
$565
Home Insurance
4%
$187
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494