This property looks like a bad Mid-Term investment with a projected -0.56% first-year return on $124k initial cash invested.
-0.56%
Cash On Cash
7.11%
Cap Rate
1.05
DSCR
$5,324
Rent
-$58
Cashflow
Cash Flow
$5,324 income − $5,382 expenses = $58 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,027
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,324
Total Expenses
$5,382
Mortgage P&I
53%
$2,825
Property Taxes
11%
$571
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$639
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$586