This property looks like a bad Mid-Term investment with a projected -2.15% first-year return on $126k initial cash invested.
-2.15%
Cash On Cash
6.7%
Cap Rate
1.01
DSCR
$6,104
Rent
-$225
Cashflow
Cash Flow
$6,104 income − $6,329 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$512k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$102k
Closing costs
1%
$5,121
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$6,104
Total Expenses
$6,329
Mortgage P&I
47%
$2,841
Property Taxes
20%
$1,230
Home Insurance
3%
$184
HOA
0%
$0
Property Management
12%
$732
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$671