This property looks like a bad Mid-Term investment with a projected -3.05% first-year return on $126k initial cash invested.
-3.05%
Cash On Cash
6.19%
Cap Rate
0.96
DSCR
$5,349
Rent
-$320
Cashflow
Cash Flow
$5,349 income − $5,669 expenses = $320 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,147
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,349
Total Expenses
$5,669
Mortgage P&I
52%
$2,762
Property Taxes
17%
$917
Home Insurance
3%
$172
HOA
0%
$0
Property Management
12%
$642
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588