This property looks like a bad Mid-Term investment with a projected -2.16% first-year return on $124k initial cash invested.
-2.16%
Cash On Cash
6.05%
Cap Rate
0.98
DSCR
$4,252
Rent
-$223
Cashflow
Cash Flow
$4,252 income − $4,475 expenses = $223 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,050
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,252
Total Expenses
$4,475
Mortgage P&I
61%
$2,600
Property Taxes
4%
$170
Home Insurance
4%
$184
HOA
2%
$75
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468