This property looks like a bad Mid-Term investment with a projected -9.37% first-year return on $126k initial cash invested.
-9.37%
Cash On Cash
4.71%
Cap Rate
0.7
DSCR
$3,345
Rent
-$985
Cashflow
Cash Flow
$3,345 income − $4,330 expenses = $985 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,345
Total Expenses
$4,330
Mortgage P&I
86%
$2,873
Property Taxes
4%
$140
Home Insurance
5%
$180
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368