This property looks like a bad Mid-Term investment with a projected -8.05% first-year return on $127k initial cash invested.
-8.05%
Cash On Cash
4.52%
Cap Rate
0.74
DSCR
$3,890
Rent
-$855
Cashflow
Cash Flow
$3,890 income − $4,745 expenses = $855 out of pocket
Investment Breakdown
|
Purchase Price
$521k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,211
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,890
Total Expenses
$4,745
Mortgage P&I
68%
$2,660
Property Taxes
15%
$572
Home Insurance
5%
$189
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428