This property looks like a bad Mid-Term investment with a projected -8.58% first-year return on $124k initial cash invested.
-8.58%
Cash On Cash
4.36%
Cap Rate
0.71
DSCR
$3,258
Rent
-$887
Cashflow
Cash Flow
$3,258 income − $4,145 expenses = $887 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,048
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,258
Total Expenses
$4,145
Mortgage P&I
80%
$2,591
Property Taxes
8%
$267
Home Insurance
6%
$180
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358