This property looks like a bad Mid-Term investment with a projected -2.06% first-year return on $126k initial cash invested.
-2.06%
Cash On Cash
6.23%
Cap Rate
0.99
DSCR
$5,024
Rent
-$217
Cashflow
Cash Flow
$5,024 income − $5,241 expenses = $217 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,163
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,024
Total Expenses
$5,241
Mortgage P&I
54%
$2,696
Property Taxes
13%
$652
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$603
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$553