This property looks like a bad Mid-Term investment with a projected -11.38% first-year return on $126k initial cash invested.
-11.38%
Cash On Cash
4.08%
Cap Rate
0.63
DSCR
$3,636
Rent
-$1,198
Cashflow
Cash Flow
$3,636 income − $4,834 expenses = $1,198 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,160
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,636
Total Expenses
$4,834
Mortgage P&I
77%
$2,809
Property Taxes
17%
$603
Home Insurance
5%
$187
HOA
0%
$0
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400