This property looks like a bad Mid-Term investment with a projected -11.32% first-year return on $124k initial cash invested.
-11.32%
Cash On Cash
4.09%
Cap Rate
0.62
DSCR
$3,224
Rent
-$1,165
Cashflow
Cash Flow
$3,224 income − $4,389 expenses = $1,165 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,026
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,224
Total Expenses
$4,389
Mortgage P&I
85%
$2,747
Property Taxes
11%
$363
Home Insurance
6%
$182
HOA
0%
$0
Property Management
12%
$387
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$355