This property looks like a bad Mid-Term investment with a projected -8.8% first-year return on $127k initial cash invested.
-8.8%
Cash On Cash
4.59%
Cap Rate
0.72
DSCR
$4,350
Rent
-$930
Cashflow
Cash Flow
$4,350 income − $5,280 expenses = $930 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,179
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,350
Total Expenses
$5,280
Mortgage P&I
63%
$2,736
Property Taxes
20%
$884
Home Insurance
4%
$182
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$478