This property looks like a bad Mid-Term investment with a projected -11.25% first-year return on $126k initial cash invested.
-11.25%
Cash On Cash
3.61%
Cap Rate
0.59
DSCR
$2,799
Rent
-$1,183
Cashflow
Cash Flow
$2,799 income − $3,982 expenses = $1,183 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,799
Total Expenses
$3,982
Mortgage P&I
94%
$2,622
Property Taxes
8%
$228
Home Insurance
6%
$180
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308