This property looks like a bad Mid-Term investment with a projected -2.11% first-year return on $126k initial cash invested.
-2.11%
Cash On Cash
6.7%
Cap Rate
0.99
DSCR
$4,710
Rent
-$222
Cashflow
Cash Flow
$4,710 income − $4,932 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.6%
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
$4,710
Total Expenses
$4,932
Mortgage P&I
62%
$2,908
Property Taxes
5%
$244
Home Insurance
4%
$180
HOA
0%
$0
Property Management
12%
$565
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$518