This property looks like a bad Mid-Term investment with a projected -19.42% first-year return on $127k initial cash invested.
-19.42%
Cash On Cash
2%
Cap Rate
0.31
DSCR
$2,358
Rent
-$2,059
Cashflow
Cash Flow
$2,358 income − $4,417 expenses = $2,059 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,200
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,358
Total Expenses
$4,417
Mortgage P&I
120%
$2,832
Property Taxes
26%
$602
Home Insurance
8%
$182
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$259