This property looks like a bad Mid-Term investment with a projected -2.07% first-year return on $127k initial cash invested.
-2.07%
Cash On Cash
6.6%
Cap Rate
1
DSCR
$5,379
Rent
-$219
Cashflow
Cash Flow
$5,379 income − $5,598 expenses = $219 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,183
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,379
Total Expenses
$5,598
Mortgage P&I
53%
$2,853
Property Taxes
14%
$731
Home Insurance
3%
$186
HOA
0%
$0
Property Management
12%
$645
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$592