This property looks like a bad Mid-Term investment with a projected -11.96% first-year return on $126k initial cash invested.
-11.96%
Cash On Cash
3.87%
Cap Rate
0.59
DSCR
$3,117
Rent
-$1,255
Cashflow
Cash Flow
$3,117 income − $4,372 expenses = $1,255 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,138
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,117
Total Expenses
$4,372
Mortgage P&I
89%
$2,788
Property Taxes
11%
$339
Home Insurance
6%
$184
HOA
0%
$0
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343