This property looks like a bad Mid-Term investment with a projected -5.71% first-year return on $124k initial cash invested.
-5.71%
Cash On Cash
5.69%
Cap Rate
0.85
DSCR
$4,329
Rent
-$592
Cashflow
Cash Flow
$4,329 income − $4,921 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$507k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,065
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,329
Total Expenses
$4,921
Mortgage P&I
65%
$2,822
Property Taxes
9%
$403
Home Insurance
4%
$175
HOA
1%
$50
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476