This property looks like a bad Mid-Term investment with a projected -3.62% first-year return on $126k initial cash invested.
-3.62%
Cash On Cash
6.1%
Cap Rate
0.93
DSCR
$4,920
Rent
-$381
Cashflow
Cash Flow
$4,920 income − $5,301 expenses = $381 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,158
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,920
Total Expenses
$5,301
Mortgage P&I
57%
$2,805
Property Taxes
13%
$640
Home Insurance
4%
$180
HOA
0%
$3
Property Management
12%
$590
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$541