This property looks like a bad Mid-Term investment with a projected -4.74% first-year return on $124k initial cash invested.
-4.74%
Cash On Cash
5.43%
Cap Rate
0.87
DSCR
$3,980
Rent
-$490
Cashflow
Cash Flow
$3,980 income − $4,470 expenses = $490 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,056
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,980
Total Expenses
$4,470
Mortgage P&I
66%
$2,618
Property Taxes
8%
$317
Home Insurance
5%
$182
HOA
0%
$0
Property Management
12%
$478
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$438