This property looks like a bad Mid-Term investment with a projected -9.5% first-year return on $126k initial cash invested.
-9.5%
Cash On Cash
4.47%
Cap Rate
0.69
DSCR
$3,561
Rent
-$999
Cashflow
Cash Flow
$3,561 income − $4,560 expenses = $999 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,154
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,561
Total Expenses
$4,560
Mortgage P&I
78%
$2,778
Property Taxes
11%
$380
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$392