This property looks like a bad Mid-Term investment with a projected -9.08% first-year return on $127k initial cash invested.
-9.08%
Cash On Cash
4.16%
Cap Rate
0.68
DSCR
$2,868
Rent
-$957
Cashflow
Cash Flow
$2,868 income − $3,825 expenses = $957 out of pocket
Investment Breakdown
|
Purchase Price
$517k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$103k
Closing costs
1%
$5,167
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,868
Total Expenses
$3,825
Mortgage P&I
92%
$2,633
Property Taxes
1%
$42
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315