This property looks like a bad Mid-Term investment with a projected -7.76% first-year return on $127k initial cash invested.
-7.76%
Cash On Cash
5.19%
Cap Rate
0.78
DSCR
$4,564
Rent
-$821
Cashflow
Cash Flow
$4,564 income − $5,385 expenses = $821 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,187
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,564
Total Expenses
$5,385
Mortgage P&I
63%
$2,882
Property Taxes
17%
$758
Home Insurance
4%
$184
HOA
0%
$8
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$502