This property looks like a bad Mid-Term investment with a projected -9.31% first-year return on $126k initial cash invested.
-9.31%
Cash On Cash
4.62%
Cap Rate
0.7
DSCR
$3,752
Rent
-$979
Cashflow
Cash Flow
$3,752 income − $4,731 expenses = $979 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,149
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,752
Total Expenses
$4,731
Mortgage P&I
75%
$2,810
Property Taxes
12%
$459
Home Insurance
5%
$186
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413