This property looks like a bad Mid-Term investment with a projected -7.36% first-year return on $126k initial cash invested.
-7.36%
Cash On Cash
4.98%
Cap Rate
0.77
DSCR
$3,676
Rent
-$774
Cashflow
Cash Flow
$3,676 income − $4,450 expenses = $774 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%
$5,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,676
Total Expenses
$4,450
Mortgage P&I
75%
$2,762
Property Taxes
7%
$259
Home Insurance
5%
$180
HOA
0%
$0
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404