This property looks like a bad Mid-Term investment with a projected -2.31% first-year return on $127k initial cash invested.
-2.31%
Cash On Cash
6.28%
Cap Rate
0.98
DSCR
$4,790
Rent
-$244
Cashflow
Cash Flow
$4,790 income − $5,034 expenses = $244 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,187
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,790
Total Expenses
$5,034
Mortgage P&I
58%
$2,766
Property Taxes
10%
$456
Home Insurance
4%
$182
HOA
0%
$0
Property Management
12%
$575
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$527