This property looks like a bad Mid-Term investment with a projected -3.68% first-year return on $124k initial cash invested.
-3.68%
Cash On Cash
6.18%
Cap Rate
0.93
DSCR
$4,322
Rent
-$380
Cashflow
Cash Flow
$4,322 income − $4,702 expenses = $380 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,036
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,322
Total Expenses
$4,702
Mortgage P&I
65%
$2,799
Property Taxes
6%
$251
Home Insurance
4%
$182
HOA
0%
$0
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$475