This property looks like a bad Mid-Term investment with a projected -12.88% first-year return on $127k initial cash invested.
-12.88%
Cash On Cash
3.82%
Cap Rate
0.58
DSCR
$4,170
Rent
-$1,363
Cashflow
Cash Flow
$4,170 income − $5,533 expenses = $1,363 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,189
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,170
Total Expenses
$5,533
Mortgage P&I
68%
$2,849
Property Taxes
26%
$1,082
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$500
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$459