This property looks like a bad Mid-Term investment with a projected -6.64% first-year return on $126k initial cash invested.
-6.64%
Cash On Cash
5.13%
Cap Rate
0.8
DSCR
$4,112
Rent
-$698
Cashflow
Cash Flow
$4,112 income − $4,810 expenses = $698 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,148
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,112
Total Expenses
$4,810
Mortgage P&I
67%
$2,735
Property Taxes
11%
$469
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$493
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$452