This property looks like a bad Mid-Term investment with a projected -4.09% first-year return on $126k initial cash invested.
-4.09%
Cash On Cash
5.48%
Cap Rate
0.9
DSCR
$3,939
Rent
-$431
Cashflow
Cash Flow
$3,939 income − $4,370 expenses = $431 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,164
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,939
Total Expenses
$4,370
Mortgage P&I
67%
$2,632
Property Taxes
5%
$195
Home Insurance
5%
$182
HOA
1%
$21
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$433