This property looks like a bad Mid-Term investment with a projected -6.1% first-year return on $124k initial cash invested.
-6.1%
Cash On Cash
4.88%
Cap Rate
0.82
DSCR
$4,352
Rent
-$631
Cashflow
Cash Flow
$4,352 income − $4,983 expenses = $631 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,055
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,352
Total Expenses
$4,983
Mortgage P&I
58%
$2,512
Property Taxes
19%
$820
Home Insurance
4%
$171
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$479