This property looks like a bad Mid-Term investment with a projected -5.34% first-year return on $126k initial cash invested.
-5.34%
Cash On Cash
5.5%
Cap Rate
0.86
DSCR
$4,263
Rent
-$561
Cashflow
Cash Flow
$4,263 income − $4,824 expenses = $561 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,151
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,263
Total Expenses
$4,824
Mortgage P&I
65%
$2,750
Property Taxes
11%
$448
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$512
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$469