This property looks like a bad Mid-Term investment with a projected -3.05% first-year return on $124k initial cash invested.
-3.05%
Cash On Cash
6.46%
Cap Rate
0.95
DSCR
$4,676
Rent
-$315
Cashflow
Cash Flow
$4,676 income − $4,991 expenses = $315 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
7.6%
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
$4,676
Total Expenses
$4,991
Mortgage P&I
61%
$2,837
Property Taxes
8%
$390
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$561
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$514