This property looks like a bad Mid-Term investment with a projected -8.19% first-year return on $126k initial cash invested.
-8.19%
Cash On Cash
4.95%
Cap Rate
0.75
DSCR
$4,008
Rent
-$861
Cashflow
Cash Flow
$4,008 income − $4,869 expenses = $861 out of pocket
Investment Breakdown
|
Purchase Price
$515k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,148
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,008
Total Expenses
$4,869
Mortgage P&I
70%
$2,823
Property Taxes
13%
$502
Home Insurance
5%
$182
HOA
0%
$0
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441