This property looks like a bad Mid-Term investment with a projected -5.2% first-year return on $124k initial cash invested.
-5.2%
Cash On Cash
5.31%
Cap Rate
0.86
DSCR
$4,614
Rent
-$539
Cashflow
Cash Flow
$4,614 income − $5,153 expenses = $539 out of pocket
Investment Breakdown
|
Purchase Price
$507k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,070
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,614
Total Expenses
$5,153
Mortgage P&I
56%
$2,597
Property Taxes
16%
$746
Home Insurance
3%
$154
HOA
2%
$86
Property Management
12%
$554
CapEx
4%
$185
Vacancy
3%
$138
Maintenance
4%
$185
Other
11%
$508