This property looks like a bad Mid-Term investment with a projected -7.23% first-year return on $126k initial cash invested.
-7.23%
Cash On Cash
5.04%
Cap Rate
0.78
DSCR
$3,946
Rent
-$760
Cashflow
Cash Flow
$3,946 income − $4,706 expenses = $760 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,149
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,946
Total Expenses
$4,706
Mortgage P&I
70%
$2,764
Property Taxes
9%
$358
Home Insurance
5%
$186
HOA
1%
$56
Property Management
12%
$474
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$434