This property looks like a bad Mid-Term investment with a projected -4.56% first-year return on $126k initial cash invested.
-4.56%
Cash On Cash
5.38%
Cap Rate
0.88
DSCR
$4,110
Rent
-$479
Cashflow
Cash Flow
$4,110 income − $4,589 expenses = $479 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,140
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,110
Total Expenses
$4,589
Mortgage P&I
64%
$2,620
Property Taxes
5%
$216
Home Insurance
5%
$219
HOA
3%
$138
Property Management
12%
$493
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$452