This property looks like a bad Mid-Term investment with a projected -1.78% first-year return on $127k initial cash invested.
-1.78%
Cash On Cash
6.69%
Cap Rate
1.01
DSCR
$5,212
Rent
-$188
Cashflow
Cash Flow
$5,212 income − $5,400 expenses = $188 out of pocket
Investment Breakdown
|
Purchase Price
$517k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$103k
Closing costs
1%
$5,167
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,212
Total Expenses
$5,400
Mortgage P&I
55%
$2,860
Property Taxes
5%
$264
Home Insurance
4%
$189
HOA
6%
$317
Property Management
12%
$625
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$573