This property looks like a bad Mid-Term investment with a projected -11.02% first-year return on $124k initial cash invested.
-11.02%
Cash On Cash
4.24%
Cap Rate
0.65
DSCR
$4,209
Rent
-$1,140
Cashflow
Cash Flow
$4,209 income − $5,349 expenses = $1,140 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,053
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,209
Total Expenses
$5,349
Mortgage P&I
66%
$2,757
Property Taxes
24%
$989
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463