This property looks like a bad Mid-Term investment with a projected -4.43% first-year return on $126k initial cash invested.
-4.43%
Cash On Cash
5.69%
Cap Rate
0.89
DSCR
$4,046
Rent
-$466
Cashflow
Cash Flow
$4,046 income − $4,512 expenses = $466 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,046
Total Expenses
$4,512
Mortgage P&I
68%
$2,747
Property Taxes
5%
$209
Home Insurance
4%
$180
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445