This property looks like a bad Mid-Term investment with a projected -5.09% first-year return on $126k initial cash invested.
-5.09%
Cash On Cash
5.72%
Cap Rate
0.88
DSCR
$4,770
Rent
-$535
Cashflow
Cash Flow
$4,770 income − $5,305 expenses = $535 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,145
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,770
Total Expenses
$5,305
Mortgage P&I
59%
$2,797
Property Taxes
15%
$697
Home Insurance
4%
$189
HOA
0%
$0
Property Management
12%
$572
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$525