This property looks like a bad Mid-Term investment with a projected -11.78% first-year return on $126k initial cash invested.
-11.78%
Cash On Cash
3.98%
Cap Rate
0.61
DSCR
$3,098
Rent
-$1,238
Cashflow
Cash Flow
$3,098 income − $4,336 expenses = $1,238 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,098
Total Expenses
$4,336
Mortgage P&I
91%
$2,821
Property Taxes
8%
$256
Home Insurance
6%
$180
HOA
1%
$25
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341