This property looks like a bad Mid-Term investment with a projected -8.23% first-year return on $124k initial cash invested.
-8.23%
Cash On Cash
4.74%
Cap Rate
0.74
DSCR
$3,422
Rent
-$851
Cashflow
Cash Flow
$3,422 income − $4,273 expenses = $851 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,049
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,422
Total Expenses
$4,273
Mortgage P&I
79%
$2,710
Property Taxes
5%
$178
Home Insurance
5%
$177
HOA
1%
$44
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$376