This property looks like a bad Mid-Term investment with a projected -4.74% first-year return on $126k initial cash invested.
-4.74%
Cash On Cash
5.73%
Cap Rate
0.89
DSCR
$4,494
Rent
-$499
Cashflow
Cash Flow
$4,494 income − $4,993 expenses = $499 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,158
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,494
Total Expenses
$4,993
Mortgage P&I
62%
$2,782
Property Taxes
11%
$498
Home Insurance
4%
$185
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494