This property looks like a bad Mid-Term investment with a projected -18.87% first-year return on $127k initial cash invested.
-18.87%
Cash On Cash
2.15%
Cap Rate
0.33
DSCR
$2,182
Rent
-$1,998
Cashflow
Cash Flow
$2,182 income − $4,180 expenses = $1,998 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,193
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,182
Total Expenses
$4,180
Mortgage P&I
130%
$2,840
Property Taxes
19%
$414
Home Insurance
8%
$185
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$240