This property looks like a bad Mid-Term investment with a projected -8.33% first-year return on $126k initial cash invested.
-8.33%
Cash On Cash
4.88%
Cap Rate
0.75
DSCR
$4,214
Rent
-$875
Cashflow
Cash Flow
$4,214 income − $5,089 expenses = $875 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,146
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,214
Total Expenses
$5,089
Mortgage P&I
66%
$2,798
Property Taxes
16%
$673
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$126
Maintenance
4%
$169
Other
11%
$464