This property looks like a bad Mid-Term investment with a projected -14.34% first-year return on $127k initial cash invested.
-14.34%
Cash On Cash
3.27%
Cap Rate
0.5
DSCR
$2,848
Rent
-$1,515
Cashflow
Cash Flow
$2,848 income − $4,363 expenses = $1,515 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,178
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,848
Total Expenses
$4,363
Mortgage P&I
99%
$2,814
Property Taxes
14%
$389
Home Insurance
7%
$192
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313