This property looks like a bad Mid-Term investment with a projected -10.33% first-year return on $123k initial cash invested.
-10.33%
Cash On Cash
4.56%
Cap Rate
0.68
DSCR
$3,592
Rent
-$1,062
Cashflow
Cash Flow
$3,592 income − $4,654 expenses = $1,062 out of pocket
Investment Breakdown
|
Purchase Price
$502k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100k
Closing costs
1%
$5,016
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,592
Total Expenses
$4,654
Mortgage P&I
79%
$2,825
Property Taxes
12%
$432
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395