This property looks like a bad Mid-Term investment with a projected -9.16% first-year return on $128k initial cash invested.
-9.16%
Cash On Cash
4.47%
Cap Rate
0.7
DSCR
$3,453
Rent
-$973
Cashflow
Cash Flow
$3,453 income − $4,426 expenses = $973 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$104k
Closing costs
1%
$5,216
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,453
Total Expenses
$4,426
Mortgage P&I
80%
$2,776
Property Taxes
7%
$242
Home Insurance
5%
$184
HOA
1%
$50
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380