This property looks like a bad Mid-Term investment with a projected -10.49% first-year return on $126k initial cash invested.
-10.49%
Cash On Cash
4.37%
Cap Rate
0.66
DSCR
$3,333
Rent
-$1,098
Cashflow
Cash Flow
$3,333 income − $4,431 expenses = $1,098 out of pocket
Investment Breakdown
|
Purchase Price
$512k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$102k
Closing costs
1%
$5,122
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,333
Total Expenses
$4,431
Mortgage P&I
85%
$2,830
Property Taxes
9%
$284
Home Insurance
6%
$184
HOA
0%
$0
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$367