This property looks like a bad Mid-Term investment with a projected -16.75% first-year return on $127k initial cash invested.
-16.75%
Cash On Cash
2.8%
Cap Rate
0.42
DSCR
$2,552
Rent
-$1,770
Cashflow
Cash Flow
$2,552 income − $4,322 expenses = $1,770 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,181
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,552
Total Expenses
$4,322
Mortgage P&I
113%
$2,879
Property Taxes
15%
$383
Home Insurance
8%
$192
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281