This property looks like a bad Mid-Term investment with a projected -7.87% first-year return on $123k initial cash invested.
-7.87%
Cash On Cash
4.84%
Cap Rate
0.76
DSCR
$3,836
Rent
-$809
Cashflow
Cash Flow
$3,836 income − $4,645 expenses = $809 out of pocket
Investment Breakdown
|
Purchase Price
$502k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100k
Closing costs
1%
$5,015
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,836
Total Expenses
$4,645
Mortgage P&I
70%
$2,679
Property Taxes
13%
$483
Home Insurance
5%
$180
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$422