This property looks like a bad Mid-Term investment with a projected -3.72% first-year return on $128k initial cash invested.
-3.72%
Cash On Cash
5.84%
Cap Rate
0.93
DSCR
$4,944
Rent
-$396
Cashflow
Cash Flow
$4,944 income − $5,340 expenses = $396 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$104k
Closing costs
1%
$5,218
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,944
Total Expenses
$5,340
Mortgage P&I
55%
$2,737
Property Taxes
15%
$747
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$593
CapEx
4%
$198
Vacancy
3%
$148
Maintenance
4%
$198
Other
11%
$544