This property looks like a bad Mid-Term investment with a projected -7.19% first-year return on $126k initial cash invested.
-7.19%
Cash On Cash
5.21%
Cap Rate
0.79
DSCR
$3,735
Rent
-$754
Cashflow
Cash Flow
$3,735 income − $4,489 expenses = $754 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,735
Total Expenses
$4,489
Mortgage P&I
76%
$2,834
Property Taxes
6%
$206
Home Insurance
5%
$180
HOA
0%
$0
Property Management
12%
$448
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$411