This property looks like a bad Mid-Term investment with a projected -7.05% first-year return on $126k initial cash invested.
-7.05%
Cash On Cash
5.34%
Cap Rate
0.8
DSCR
$4,342
Rent
-$738
Cashflow
Cash Flow
$4,342 income − $5,080 expenses = $738 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,127
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,342
Total Expenses
$5,080
Mortgage P&I
66%
$2,844
Property Taxes
13%
$575
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$521
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$478