This property looks like a bad Mid-Term investment with a projected -8.89% first-year return on $124k initial cash invested.
-8.89%
Cash On Cash
4.64%
Cap Rate
0.72
DSCR
$3,700
Rent
-$922
Cashflow
Cash Flow
$3,700 income − $4,622 expenses = $922 out of pocket
Investment Breakdown
|
Purchase Price
$507k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,071
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,700
Total Expenses
$4,622
Mortgage P&I
74%
$2,733
Property Taxes
12%
$449
Home Insurance
5%
$182
HOA
0%
$0
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407