This property looks like a bad Mid-Term investment with a projected -11.81% first-year return on $126k initial cash invested.
-11.81%
Cash On Cash
4.24%
Cap Rate
0.63
DSCR
$3,831
Rent
-$1,237
Cashflow
Cash Flow
$3,831 income − $5,068 expenses = $1,237 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,127
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,831
Total Expenses
$5,068
Mortgage P&I
76%
$2,896
Property Taxes
19%
$721
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421