This property looks like a bad Mid-Term investment with a projected -10.39% first-year return on $127k initial cash invested.
-10.39%
Cash On Cash
4.05%
Cap Rate
0.64
DSCR
$3,099
Rent
-$1,096
Cashflow
Cash Flow
$3,099 income − $4,195 expenses = $1,096 out of pocket
Investment Breakdown
|
Purchase Price
$517k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$103k
Closing costs
1%
$5,173
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,099
Total Expenses
$4,195
Mortgage P&I
88%
$2,719
Property Taxes
8%
$235
Home Insurance
6%
$187
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341