This property looks like a bad Mid-Term investment with a projected -3.78% first-year return on $123k initial cash invested.
-3.78%
Cash On Cash
6.26%
Cap Rate
0.93
DSCR
$4,954
Rent
-$388
Cashflow
Cash Flow
$4,954 income − $5,342 expenses = $388 out of pocket
Investment Breakdown
|
Purchase Price
$501k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100k
Closing costs
1%
$5,006
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,954
Total Expenses
$5,342
Mortgage P&I
57%
$2,800
Property Taxes
13%
$665
Home Insurance
4%
$178
HOA
0%
$15
Property Management
12%
$594
CapEx
4%
$198
Vacancy
3%
$149
Maintenance
4%
$198
Other
11%
$545