This property looks like a bad Mid-Term investment with a projected -7.53% first-year return on $127k initial cash invested.
-7.53%
Cash On Cash
4.94%
Cap Rate
0.76
DSCR
$3,458
Rent
-$796
Cashflow
Cash Flow
$3,458 income − $4,254 expenses = $796 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,181
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,458
Total Expenses
$4,254
Mortgage P&I
81%
$2,792
Property Taxes
3%
$100
Home Insurance
5%
$187
HOA
0%
$0
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380