This property looks like a bad Mid-Term investment with a projected -12.94% first-year return on $124k initial cash invested.
-12.94%
Cash On Cash
3.67%
Cap Rate
0.56
DSCR
$3,306
Rent
-$1,339
Cashflow
Cash Flow
$3,306 income − $4,645 expenses = $1,339 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,058
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,306
Total Expenses
$4,645
Mortgage P&I
83%
$2,752
Property Taxes
18%
$584
Home Insurance
6%
$185
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364