This property looks like a bad Mid-Term investment with a projected -9.16% first-year return on $127k initial cash invested.
-9.16%
Cash On Cash
4.32%
Cap Rate
0.69
DSCR
$3,514
Rent
-$971
Cashflow
Cash Flow
$3,514 income − $4,485 expenses = $971 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,514
Total Expenses
$4,485
Mortgage P&I
77%
$2,702
Property Taxes
12%
$405
Home Insurance
5%
$182
HOA
0%
$0
Property Management
12%
$422
CapEx
4%
$141
Vacancy
3%
$105
Maintenance
4%
$141
Other
11%
$387