This property looks like a bad Mid-Term investment with a projected -4.95% first-year return on $126k initial cash invested.
-4.95%
Cash On Cash
5.29%
Cap Rate
0.86
DSCR
$3,862
Rent
-$520
Cashflow
Cash Flow
$3,862 income − $4,382 expenses = $520 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,862
Total Expenses
$4,382
Mortgage P&I
68%
$2,637
Property Taxes
7%
$253
Home Insurance
5%
$180
HOA
0%
$0
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$425