This property looks like a bad Mid-Term investment with a projected -7.38% first-year return on $127k initial cash invested.
-7.38%
Cash On Cash
4.58%
Cap Rate
0.76
DSCR
$3,608
Rent
-$782
Cashflow
Cash Flow
$3,608 income − $4,390 expenses = $782 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,194
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,608
Total Expenses
$4,390
Mortgage P&I
73%
$2,619
Property Taxes
10%
$363
Home Insurance
5%
$182
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397