This property looks like a bad Mid-Term investment with a projected -12.31% first-year return on $128k initial cash invested.
-12.31%
Cash On Cash
3.85%
Cap Rate
0.58
DSCR
$2,920
Rent
-$1,309
Cashflow
Cash Flow
$2,920 income − $4,229 expenses = $1,309 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$104k
Closing costs
1%
$5,220
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,920
Total Expenses
$4,229
Mortgage P&I
98%
$2,865
Property Taxes
6%
$179
Home Insurance
7%
$192
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321