This property looks like a bad Mid-Term investment with a projected -14.15% first-year return on $126k initial cash invested.
-14.15%
Cash On Cash
3.5%
Cap Rate
0.53
DSCR
$3,294
Rent
-$1,491
Cashflow
Cash Flow
$3,294 income − $4,785 expenses = $1,491 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,163
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,294
Total Expenses
$4,785
Mortgage P&I
87%
$2,867
Property Taxes
17%
$574
Home Insurance
7%
$224
HOA
0%
$0
Property Management
12%
$395
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$362