This property looks like a bad Mid-Term investment with a projected -5.98% first-year return on $126k initial cash invested.
-5.98%
Cash On Cash
5.5%
Cap Rate
0.84
DSCR
$4,096
Rent
-$630
Cashflow
Cash Flow
$4,096 income − $4,726 expenses = $630 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,161
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,096
Total Expenses
$4,726
Mortgage P&I
69%
$2,831
Property Taxes
6%
$261
Home Insurance
4%
$182
HOA
1%
$58
Property Management
12%
$492
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$451