This property looks like a bad Mid-Term investment with a projected -2.34% first-year return on $123k initial cash invested.
-2.34%
Cash On Cash
6.44%
Cap Rate
0.98
DSCR
$4,557
Rent
-$241
Cashflow
Cash Flow
$4,557 income − $4,798 expenses = $241 out of pocket
Investment Breakdown
|
Purchase Price
$502k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100k
Closing costs
1%
$5,016
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,557
Total Expenses
$4,798
Mortgage P&I
60%
$2,750
Property Taxes
7%
$305
Home Insurance
4%
$184
HOA
0%
$10
Property Management
12%
$547
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$501