This property looks like a bad Mid-Term investment with a projected -1.05% first-year return on $123k initial cash invested.
-1.05%
Cash On Cash
6.27%
Cap Rate
1.04
DSCR
$4,917
Rent
-$108
Cashflow
Cash Flow
$4,917 income − $5,025 expenses = $108 out of pocket
Investment Breakdown
|
Purchase Price
$501k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100k
Closing costs
1%
$5,008
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,917
Total Expenses
$5,025
Mortgage P&I
51%
$2,529
Property Taxes
13%
$650
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$590
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$541