This property looks like a bad Mid-Term investment with a projected -6.23% first-year return on $126k initial cash invested.
-6.23%
Cash On Cash
5.36%
Cap Rate
0.82
DSCR
$4,178
Rent
-$654
Cashflow
Cash Flow
$4,178 income − $4,832 expenses = $654 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,140
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,178
Total Expenses
$4,832
Mortgage P&I
67%
$2,781
Property Taxes
10%
$425
Home Insurance
4%
$180
HOA
1%
$26
Property Management
12%
$501
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$460