This property looks like a bad Mid-Term investment with a projected -11.56% first-year return on $123k initial cash invested.
-11.56%
Cash On Cash
4.07%
Cap Rate
0.62
DSCR
$3,075
Rent
-$1,189
Cashflow
Cash Flow
$3,075 income − $4,264 expenses = $1,189 out of pocket
Investment Breakdown
|
Purchase Price
$502k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100k
Closing costs
1%
$5,020
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,075
Total Expenses
$4,264
Mortgage P&I
90%
$2,769
Property Taxes
9%
$274
Home Insurance
6%
$176
HOA
0%
$0
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338