This property looks like a bad Mid-Term investment with a projected -3.97% first-year return on $124k initial cash invested.
-3.97%
Cash On Cash
6.08%
Cap Rate
0.92
DSCR
$5,040
Rent
-$411
Cashflow
Cash Flow
$5,040 income − $5,451 expenses = $411 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,061
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,040
Total Expenses
$5,451
Mortgage P&I
55%
$2,772
Property Taxes
16%
$790
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$605
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$554