This property looks like a bad Mid-Term investment with a projected -0.89% first-year return on $126k initial cash invested.
-0.89%
Cash On Cash
6.58%
Cap Rate
1.05
DSCR
$5,644
Rent
-$93
Cashflow
Cash Flow
$5,644 income − $5,737 expenses = $93 out of pocket
Investment Breakdown
|
Purchase Price
$514k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,143
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,644
Total Expenses
$5,737
Mortgage P&I
48%
$2,685
Property Taxes
17%
$949
Home Insurance
3%
$184
HOA
0%
$0
Property Management
12%
$677
CapEx
4%
$226
Vacancy
3%
$169
Maintenance
4%
$226
Other
11%
$621