This property looks like a bad Mid-Term investment with a projected -7.17% first-year return on $127k initial cash invested.
-7.17%
Cash On Cash
5.28%
Cap Rate
0.8
DSCR
$4,384
Rent
-$757
Cashflow
Cash Flow
$4,384 income − $5,141 expenses = $757 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,176
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,384
Total Expenses
$5,141
Mortgage P&I
65%
$2,860
Property Taxes
13%
$552
Home Insurance
4%
$186
HOA
1%
$53
Property Management
12%
$526
CapEx
4%
$175
Vacancy
3%
$132
Maintenance
4%
$175
Other
11%
$482