This property looks like a bad Mid-Term investment with a projected -6.23% first-year return on $127k initial cash invested.
-6.23%
Cash On Cash
5.27%
Cap Rate
0.82
DSCR
$4,212
Rent
-$659
Cashflow
Cash Flow
$4,212 income − $4,871 expenses = $659 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,185
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,212
Total Expenses
$4,871
Mortgage P&I
66%
$2,769
Property Taxes
12%
$490
Home Insurance
4%
$182
HOA
0%
$0
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463