This property looks like a bad Mid-Term investment with a projected -11.95% first-year return on $126k initial cash invested.
-11.95%
Cash On Cash
3.82%
Cap Rate
0.6
DSCR
$3,837
Rent
-$1,256
Cashflow
Cash Flow
$3,837 income − $5,093 expenses = $1,256 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,151
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,837
Total Expenses
$5,093
Mortgage P&I
71%
$2,741
Property Taxes
23%
$865
Home Insurance
5%
$184
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$422