This property looks like a bad Mid-Term investment with a projected -11.46% first-year return on $124k initial cash invested.
-11.46%
Cash On Cash
4.13%
Cap Rate
0.62
DSCR
$3,412
Rent
-$1,180
Cashflow
Cash Flow
$3,412 income − $4,592 expenses = $1,180 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,029
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,412
Total Expenses
$4,592
Mortgage P&I
81%
$2,774
Property Taxes
14%
$485
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375