This property looks like a bad Mid-Term investment with a projected -16.17% first-year return on $127k initial cash invested.
-16.17%
Cash On Cash
3.01%
Cap Rate
0.45
DSCR
$2,560
Rent
-$1,709
Cashflow
Cash Flow
$2,560 income − $4,269 expenses = $1,709 out of pocket
Investment Breakdown
|
Purchase Price
$518k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,182
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,560
Total Expenses
$4,269
Mortgage P&I
113%
$2,905
Property Taxes
15%
$372
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$282