This property looks like a bad Mid-Term investment with a projected -11.71% first-year return on $126k initial cash invested.
-11.71%
Cash On Cash
3.96%
Cap Rate
0.61
DSCR
$3,714
Rent
-$1,227
Cashflow
Cash Flow
$3,714 income − $4,941 expenses = $1,227 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,131
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,714
Total Expenses
$4,941
Mortgage P&I
75%
$2,772
Property Taxes
9%
$323
Home Insurance
5%
$182
HOA
11%
$400
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$111
Maintenance
4%
$149
Other
11%
$409