This property looks like a bad Mid-Term investment with a projected -10.92% first-year return on $126k initial cash invested.
-10.92%
Cash On Cash
4.32%
Cap Rate
0.65
DSCR
$3,196
Rent
-$1,148
Cashflow
Cash Flow
$3,196 income − $4,344 expenses = $1,148 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,196
Total Expenses
$4,344
Mortgage P&I
90%
$2,876
Property Taxes
6%
$200
Home Insurance
6%
$180
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352