This property looks like a bad Mid-Term investment with a projected -4.18% first-year return on $127k initial cash invested.
-4.18%
Cash On Cash
6.03%
Cap Rate
0.91
DSCR
$4,383
Rent
-$441
Cashflow
Cash Flow
$4,383 income − $4,824 expenses = $441 out of pocket
Investment Breakdown
|
Purchase Price
$517k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$103k
Closing costs
1%
$5,174
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,383
Total Expenses
$4,824
Mortgage P&I
65%
$2,868
Property Taxes
6%
$284
Home Insurance
4%
$183
HOA
0%
$0
Property Management
12%
$526
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$482