This property looks like a bad Mid-Term investment with a projected -0.34% first-year return on $126k initial cash invested.
-0.34%
Cash On Cash
6.7%
Cap Rate
1.06
DSCR
$4,994
Rent
-$36
Cashflow
Cash Flow
$4,994 income − $5,030 expenses = $36 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,126
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,994
Total Expenses
$5,030
Mortgage P&I
54%
$2,696
Property Taxes
9%
$456
Home Insurance
4%
$180
HOA
0%
$0
Property Management
12%
$599
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$549