This property looks like a bad Mid-Term investment with a projected -7.51% first-year return on $126k initial cash invested.
-7.51%
Cash On Cash
5.24%
Cap Rate
0.78
DSCR
$4,262
Rent
-$790
Cashflow
Cash Flow
$4,262 income − $5,052 expenses = $790 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,157
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,262
Total Expenses
$5,052
Mortgage P&I
67%
$2,870
Property Taxes
13%
$550
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$469