This property looks like a bad Mid-Term investment with a projected -7.53% first-year return on $124k initial cash invested.
-7.53%
Cash On Cash
4.9%
Cap Rate
0.77
DSCR
$3,879
Rent
-$779
Cashflow
Cash Flow
$3,879 income − $4,658 expenses = $779 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,051
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,879
Total Expenses
$4,658
Mortgage P&I
69%
$2,686
Property Taxes
12%
$470
Home Insurance
5%
$184
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$427