This property looks like a bad Mid-Term investment with a projected -6.84% first-year return on $124k initial cash invested.
-6.84%
Cash On Cash
4.76%
Cap Rate
0.78
DSCR
$3,368
Rent
-$705
Cashflow
Cash Flow
$3,368 income − $4,073 expenses = $705 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,030
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,368
Total Expenses
$4,073
Mortgage P&I
76%
$2,567
Property Taxes
5%
$177
Home Insurance
5%
$184
HOA
0%
$0
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$370