This property looks like a bad Mid-Term investment with a projected -7.09% first-year return on $127k initial cash invested.
-7.09%
Cash On Cash
4.6%
Cap Rate
0.76
DSCR
$3,345
Rent
-$753
Cashflow
Cash Flow
$3,345 income − $4,098 expenses = $753 out of pocket
Investment Breakdown
|
Purchase Price
$521k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,210
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,345
Total Expenses
$4,098
Mortgage P&I
78%
$2,616
Property Taxes
4%
$117
Home Insurance
7%
$228
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368