This property looks like a bad Mid-Term investment with a projected -6.22% first-year return on $126k initial cash invested.
-6.22%
Cash On Cash
5.42%
Cap Rate
0.83
DSCR
$4,248
Rent
-$651
Cashflow
Cash Flow
$4,248 income − $4,899 expenses = $651 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,127
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,248
Total Expenses
$4,899
Mortgage P&I
66%
$2,797
Property Taxes
11%
$474
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467