This property looks like a bad Mid-Term investment with a projected -11.49% first-year return on $124k initial cash invested.
-11.49%
Cash On Cash
4.18%
Cap Rate
0.62
DSCR
$3,158
Rent
-$1,185
Cashflow
Cash Flow
$3,158 income − $4,343 expenses = $1,185 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,036
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,158
Total Expenses
$4,343
Mortgage P&I
89%
$2,815
Property Taxes
9%
$272
Home Insurance
6%
$183
HOA
0%
$0
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347