This property looks like a bad Mid-Term investment with a projected -5.1% first-year return on $126k initial cash invested.
-5.1%
Cash On Cash
5.79%
Cap Rate
0.88
DSCR
$5,248
Rent
-$535
Cashflow
Cash Flow
$5,248 income − $5,783 expenses = $535 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,142
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,248
Total Expenses
$5,783
Mortgage P&I
53%
$2,806
Property Taxes
19%
$1,018
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$630
CapEx
4%
$210
Vacancy
3%
$157
Maintenance
4%
$210
Other
11%
$577