This property looks like a bad Mid-Term investment with a projected -3.31% first-year return on $127k initial cash invested.
-3.31%
Cash On Cash
6.01%
Cap Rate
0.94
DSCR
$4,322
Rent
-$349
Cashflow
Cash Flow
$4,322 income − $4,671 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,176
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,322
Total Expenses
$4,671
Mortgage P&I
64%
$2,768
Property Taxes
5%
$220
Home Insurance
4%
$184
HOA
1%
$29
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$475