This property looks like a bad Mid-Term investment with a projected -4.4% first-year return on $126k initial cash invested.
-4.4%
Cash On Cash
6.02%
Cap Rate
0.9
DSCR
$4,554
Rent
-$462
Cashflow
Cash Flow
$4,554 income − $5,016 expenses = $462 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,137
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,554
Total Expenses
$5,016
Mortgage P&I
63%
$2,856
Property Taxes
9%
$399
Home Insurance
4%
$180
HOA
1%
$33
Property Management
12%
$546
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$501