This property looks like a bad Mid-Term investment with a projected -7.62% first-year return on $128k initial cash invested.
-7.62%
Cash On Cash
5.03%
Cap Rate
0.77
DSCR
$3,885
Rent
-$815
Cashflow
Cash Flow
$3,885 income − $4,700 expenses = $815 out of pocket
Investment Breakdown
|
Purchase Price
$526k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,256
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,885
Total Expenses
$4,700
Mortgage P&I
74%
$2,861
Property Taxes
9%
$334
Home Insurance
5%
$185
HOA
0%
$0
Property Management
12%
$466
CapEx
4%
$155
Vacancy
3%
$117
Maintenance
4%
$155
Other
11%
$427