This property looks like a bad Mid-Term investment with a projected -8.38% first-year return on $126k initial cash invested.
-8.38%
Cash On Cash
4.52%
Cap Rate
0.72
DSCR
$3,190
Rent
-$880
Cashflow
Cash Flow
$3,190 income − $4,070 expenses = $880 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,144
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,190
Total Expenses
$4,070
Mortgage P&I
84%
$2,691
Property Taxes
3%
$111
Home Insurance
6%
$182
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351