This property looks like a bad Mid-Term investment with a projected -7.61% first-year return on $123k initial cash invested.
-7.61%
Cash On Cash
4.8%
Cap Rate
0.76
DSCR
$3,309
Rent
-$781
Cashflow
Cash Flow
$3,309 income − $4,090 expenses = $781 out of pocket
Investment Breakdown
|
Purchase Price
$501k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100k
Closing costs
1%
$5,011
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,309
Total Expenses
$4,090
Mortgage P&I
80%
$2,655
Property Taxes
4%
$131
Home Insurance
5%
$180
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364