This property looks like a bad Mid-Term investment with a projected -13.48% first-year return on $126k initial cash invested.
-13.48%
Cash On Cash
3.07%
Cap Rate
0.5
DSCR
$2,679
Rent
-$1,411
Cashflow
Cash Flow
$2,679 income − $4,090 expenses = $1,411 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%
$5,123
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,679
Total Expenses
$4,090
Mortgage P&I
98%
$2,616
Property Taxes
14%
$379
Home Insurance
6%
$168
HOA
1%
$17
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295