This property looks like a bad Mid-Term investment with a projected -9.96% first-year return on $124k initial cash invested.
-9.96%
Cash On Cash
4.48%
Cap Rate
0.68
DSCR
$3,312
Rent
-$1,025
Cashflow
Cash Flow
$3,312 income − $4,337 expenses = $1,025 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,026
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,312
Total Expenses
$4,337
Mortgage P&I
84%
$2,769
Property Taxes
8%
$262
Home Insurance
6%
$182
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364