This property looks like a bad Mid-Term investment with a projected -4.7% first-year return on $127k initial cash invested.
-4.7%
Cash On Cash
5.62%
Cap Rate
0.88
DSCR
$4,216
Rent
-$497
Cashflow
Cash Flow
$4,216 income − $4,713 expenses = $497 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,182
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,216
Total Expenses
$4,713
Mortgage P&I
65%
$2,757
Property Taxes
8%
$336
Home Insurance
4%
$186
HOA
0%
$0
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$126
Maintenance
4%
$169
Other
11%
$464