This property looks like a bad Mid-Term investment with a projected -11.68% first-year return on $127k initial cash invested.
-11.68%
Cash On Cash
3.8%
Cap Rate
0.6
DSCR
$3,316
Rent
-$1,236
Cashflow
Cash Flow
$3,316 income − $4,552 expenses = $1,236 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,316
Total Expenses
$4,552
Mortgage P&I
83%
$2,745
Property Taxes
15%
$484
Home Insurance
5%
$182
HOA
0%
$13
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365