This property looks like a bad Mid-Term investment with a projected -6.55% first-year return on $127k initial cash invested.
-6.55%
Cash On Cash
5.38%
Cap Rate
0.81
DSCR
$4,134
Rent
-$693
Cashflow
Cash Flow
$4,134 income − $4,827 expenses = $693 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,185
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,134
Total Expenses
$4,827
Mortgage P&I
69%
$2,854
Property Taxes
9%
$384
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$455