This property looks like a bad Mid-Term investment with a projected -6.33% first-year return on $126k initial cash invested.
-6.33%
Cash On Cash
5.26%
Cap Rate
0.82
DSCR
$4,124
Rent
-$665
Cashflow
Cash Flow
$4,124 income − $4,789 expenses = $665 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,142
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,124
Total Expenses
$4,789
Mortgage P&I
67%
$2,752
Property Taxes
11%
$452
Home Insurance
4%
$182
HOA
0%
$0
Property Management
12%
$495
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454