This property looks like a bad Mid-Term investment with a projected -3.91% first-year return on $126k initial cash invested.
-3.91%
Cash On Cash
5.56%
Cap Rate
0.91
DSCR
$4,731
Rent
-$412
Cashflow
Cash Flow
$4,731 income − $5,143 expenses = $412 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,159
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,731
Total Expenses
$5,143
Mortgage P&I
55%
$2,614
Property Taxes
15%
$730
Home Insurance
3%
$162
HOA
1%
$29
Property Management
12%
$568
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$520