This property looks like a bad Mid-Term investment with a projected -11.45% first-year return on $126k initial cash invested.
-11.45%
Cash On Cash
3.8%
Cap Rate
0.6
DSCR
$2,946
Rent
-$1,206
Cashflow
Cash Flow
$2,946 income − $4,152 expenses = $1,206 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,161
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,946
Total Expenses
$4,152
Mortgage P&I
92%
$2,723
Property Taxes
8%
$229
Home Insurance
6%
$175
HOA
1%
$23
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324