This property looks like a bad Mid-Term investment with a projected -5.34% first-year return on $126k initial cash invested.
-5.34%
Cash On Cash
5.58%
Cap Rate
0.86
DSCR
$4,360
Rent
-$562
Cashflow
Cash Flow
$4,360 income − $4,922 expenses = $562 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,162
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,360
Total Expenses
$4,922
Mortgage P&I
64%
$2,788
Property Taxes
11%
$468
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$523
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$480