This property looks like a bad Mid-Term investment with a projected -6.92% first-year return on $126k initial cash invested.
-6.92%
Cash On Cash
5.17%
Cap Rate
0.8
DSCR
$4,144
Rent
-$729
Cashflow
Cash Flow
$4,144 income − $4,873 expenses = $729 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,164
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,144
Total Expenses
$4,873
Mortgage P&I
67%
$2,786
Property Taxes
12%
$486
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$497
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$456