This property looks like a bad Mid-Term investment with a projected -3.03% first-year return on $126k initial cash invested.
-3.03%
Cash On Cash
6.19%
Cap Rate
0.95
DSCR
$4,815
Rent
-$319
Cashflow
Cash Flow
$4,815 income − $5,134 expenses = $319 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,158
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,815
Total Expenses
$5,134
Mortgage P&I
58%
$2,788
Property Taxes
11%
$516
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$578
CapEx
4%
$193
Vacancy
3%
$144
Maintenance
4%
$193
Other
11%
$530