This property looks like a bad Mid-Term investment with a projected -6.05% first-year return on $126k initial cash invested.
-6.05%
Cash On Cash
5.51%
Cap Rate
0.84
DSCR
$4,444
Rent
-$635
Cashflow
Cash Flow
$4,444 income − $5,079 expenses = $635 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,142
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,444
Total Expenses
$5,079
Mortgage P&I
63%
$2,819
Property Taxes
13%
$578
Home Insurance
4%
$171
HOA
0%
$0
Property Management
12%
$533
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$489