This property looks like a bad Mid-Term investment with a projected -7.57% first-year return on $126k initial cash invested.
-7.57%
Cash On Cash
4.89%
Cap Rate
0.76
DSCR
$3,578
Rent
-$797
Cashflow
Cash Flow
$3,578 income − $4,375 expenses = $797 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,156
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,578
Total Expenses
$4,375
Mortgage P&I
77%
$2,755
Property Taxes
6%
$219
Home Insurance
5%
$185
HOA
0%
$0
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$394