This property looks like a bad Mid-Term investment with a projected -6.4% first-year return on $126k initial cash invested.
-6.4%
Cash On Cash
5.33%
Cap Rate
0.82
DSCR
$4,256
Rent
-$673
Cashflow
Cash Flow
$4,256 income − $4,929 expenses = $673 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,256
Total Expenses
$4,929
Mortgage P&I
66%
$2,789
Property Taxes
12%
$513
Home Insurance
4%
$180
HOA
0%
$0
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468