This property looks like a bad Mid-Term investment with a projected -7.39% first-year return on $127k initial cash invested.
-7.39%
Cash On Cash
5.03%
Cap Rate
0.78
DSCR
$3,838
Rent
-$781
Cashflow
Cash Flow
$3,838 income − $4,619 expenses = $781 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,185
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,838
Total Expenses
$4,619
Mortgage P&I
73%
$2,801
Property Taxes
9%
$330
Home Insurance
5%
$182
HOA
0%
$0
Property Management
12%
$461
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$422