This property looks like a bad Mid-Term investment with a projected -8.63% first-year return on $124k initial cash invested.
-8.63%
Cash On Cash
4.33%
Cap Rate
0.71
DSCR
$4,005
Rent
-$895
Cashflow
Cash Flow
$4,005 income − $4,900 expenses = $895 out of pocket
Investment Breakdown
|
Purchase Price
$507k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,005
Total Expenses
$4,900
Mortgage P&I
64%
$2,563
Property Taxes
19%
$765
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441