This property looks like a bad Mid-Term investment with a projected -3.79% first-year return on $126k initial cash invested.
-3.79%
Cash On Cash
5.95%
Cap Rate
0.92
DSCR
$4,280
Rent
-$398
Cashflow
Cash Flow
$4,280 income − $4,678 expenses = $398 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,149
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,280
Total Expenses
$4,678
Mortgage P&I
65%
$2,781
Property Taxes
6%
$262
Home Insurance
4%
$180
HOA
0%
$0
Property Management
12%
$514
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$471