This property looks like a bad Mid-Term investment with a projected -12.07% first-year return on $126k initial cash invested.
-12.07%
Cash On Cash
3.81%
Cap Rate
0.6
DSCR
$4,102
Rent
-$1,265
Cashflow
Cash Flow
$4,102 income − $5,367 expenses = $1,265 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,130
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,102
Total Expenses
$5,367
Mortgage P&I
67%
$2,730
Property Taxes
25%
$1,038
Home Insurance
5%
$205
HOA
0%
$0
Property Management
12%
$492
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$451