This property looks like a bad Mid-Term investment with a projected -8.72% first-year return on $127k initial cash invested.
-8.72%
Cash On Cash
4.91%
Cap Rate
0.73
DSCR
$3,858
Rent
-$923
Cashflow
Cash Flow
$3,858 income − $4,781 expenses = $923 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%
$5,190
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,858
Total Expenses
$4,781
Mortgage P&I
75%
$2,891
Property Taxes
10%
$397
Home Insurance
5%
$182
HOA
0%
$0
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424