This property looks like a bad Mid-Term investment with a projected -7.4% first-year return on $127k initial cash invested.
-7.4%
Cash On Cash
5.25%
Cap Rate
0.78
DSCR
$4,010
Rent
-$783
Cashflow
Cash Flow
$4,010 income − $4,793 expenses = $783 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,192
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,010
Total Expenses
$4,793
Mortgage P&I
72%
$2,895
Property Taxes
9%
$353
Home Insurance
5%
$183
HOA
0%
$0
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441