This property looks like a bad Mid-Term investment with a projected -2.21% first-year return on $127k initial cash invested.
-2.21%
Cash On Cash
5.94%
Cap Rate
0.98
DSCR
$4,472
Rent
-$234
Cashflow
Cash Flow
$4,472 income − $4,706 expenses = $234 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,186
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,472
Total Expenses
$4,706
Mortgage P&I
59%
$2,620
Property Taxes
9%
$383
Home Insurance
4%
$182
HOA
0%
$0
Property Management
12%
$537
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$492