This property looks like a bad Mid-Term investment with a projected -4.8% first-year return on $126k initial cash invested.
-4.8%
Cash On Cash
5.4%
Cap Rate
0.87
DSCR
$4,080
Rent
-$503
Cashflow
Cash Flow
$4,080 income − $4,583 expenses = $503 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,134
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,080
Total Expenses
$4,583
Mortgage P&I
65%
$2,652
Property Taxes
9%
$360
Home Insurance
5%
$184
HOA
0%
$0
Property Management
12%
$490
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$449