This property looks like a bad Mid-Term investment with a projected -9.32% first-year return on $127k initial cash invested.
-9.32%
Cash On Cash
4.6%
Cap Rate
0.7
DSCR
$3,770
Rent
-$988
Cashflow
Cash Flow
$3,770 income − $4,758 expenses = $988 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%
$5,199
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,770
Total Expenses
$4,758
Mortgage P&I
75%
$2,829
Property Taxes
11%
$421
Home Insurance
6%
$226
HOA
0%
$0
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415