This property looks like a bad Mid-Term investment with a projected -13.98% first-year return on $126k initial cash invested.
-13.98%
Cash On Cash
3.42%
Cap Rate
0.52
DSCR
$3,114
Rent
-$1,465
Cashflow
Cash Flow
$3,114 income − $4,579 expenses = $1,465 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,130
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,114
Total Expenses
$4,579
Mortgage P&I
90%
$2,800
Property Taxes
17%
$534
Home Insurance
6%
$185
HOA
0%
$0
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$93
Maintenance
4%
$125
Other
11%
$343