This property looks like a bad Mid-Term investment with a projected -2.89% first-year return on $126k initial cash invested.
-2.89%
Cash On Cash
5.82%
Cap Rate
0.95
DSCR
$4,370
Rent
-$302
Cashflow
Cash Flow
$4,370 income − $4,672 expenses = $302 out of pocket
Investment Breakdown
|
Purchase Price
$512k
Downpayment
20.0%
Interest Rate
6.6%
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
$4,370
Total Expenses
$4,672
Mortgage P&I
60%
$2,612
Property Taxes
9%
$374
Home Insurance
4%
$184
HOA
0%
$16
Property Management
12%
$524
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$481