This property looks like a bad Mid-Term investment with a projected -15.42% first-year return on $126k initial cash invested.
-15.42%
Cash On Cash
3.11%
Cap Rate
0.47
DSCR
$2,168
Rent
-$1,613
Cashflow
Cash Flow
$2,168 income − $3,781 expenses = $1,613 out of pocket
Investment Breakdown
|
Purchase Price
$512k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$102k
Closing costs
1%
$5,120
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,168
Total Expenses
$3,781
Mortgage P&I
132%
$2,855
Property Taxes
0%
$10
Home Insurance
8%
$179
HOA
0%
$0
Property Management
12%
$260
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$238