This property looks like a bad Mid-Term investment with a projected -4.97% first-year return on $127k initial cash invested.
-4.97%
Cash On Cash
5.62%
Cap Rate
0.88
DSCR
$4,634
Rent
-$526
Cashflow
Cash Flow
$4,634 income − $5,160 expenses = $526 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,191
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,634
Total Expenses
$5,160
Mortgage P&I
60%
$2,771
Property Taxes
14%
$630
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$510