This property looks like a bad Mid-Term investment with a projected -3.65% first-year return on $127k initial cash invested.
-3.65%
Cash On Cash
6.06%
Cap Rate
0.92
DSCR
$4,306
Rent
-$385
Cashflow
Cash Flow
$4,306 income − $4,691 expenses = $385 out of pocket
Investment Breakdown
|
Purchase Price
$517k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$103k
Closing costs
1%
$5,172
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,306
Total Expenses
$4,691
Mortgage P&I
66%
$2,827
Property Taxes
4%
$180
Home Insurance
5%
$201
HOA
0%
$19
Property Management
12%
$517
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$474