This property looks like a bad Mid-Term investment with a projected -14.68% first-year return on $127k initial cash invested.
-14.68%
Cash On Cash
3.21%
Cap Rate
0.49
DSCR
$2,391
Rent
-$1,554
Cashflow
Cash Flow
$2,391 income − $3,945 expenses = $1,554 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,192
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,391
Total Expenses
$3,945
Mortgage P&I
119%
$2,847
Property Taxes
4%
$92
Home Insurance
8%
$192
HOA
0%
$0
Property Management
12%
$287
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$263