This property looks like a bad Mid-Term investment with a projected -3.28% first-year return on $127k initial cash invested.
-3.28%
Cash On Cash
5.64%
Cap Rate
0.93
DSCR
$4,386
Rent
-$347
Cashflow
Cash Flow
$4,386 income − $4,733 expenses = $347 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,190
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,386
Total Expenses
$4,733
Mortgage P&I
60%
$2,613
Property Taxes
10%
$443
Home Insurance
4%
$187
HOA
0%
$0
Property Management
12%
$526
CapEx
4%
$175
Vacancy
3%
$132
Maintenance
4%
$175
Other
11%
$482