This property looks like a bad Mid-Term investment with a projected -6.23% first-year return on $128k initial cash invested.
-6.23%
Cash On Cash
5.33%
Cap Rate
0.82
DSCR
$4,222
Rent
-$664
Cashflow
Cash Flow
$4,222 income − $4,886 expenses = $664 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,230
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,222
Total Expenses
$4,886
Mortgage P&I
67%
$2,819
Property Taxes
11%
$448
Home Insurance
4%
$183
HOA
0%
$0
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$464