This property looks like a bad Mid-Term investment with a projected -4.65% first-year return on $123k initial cash invested.
-4.65%
Cash On Cash
5.64%
Cap Rate
0.88
DSCR
$4,173
Rent
-$478
Cashflow
Cash Flow
$4,173 income − $4,651 expenses = $478 out of pocket
Investment Breakdown
|
Purchase Price
$501k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100k
Closing costs
1%
$5,012
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,173
Total Expenses
$4,651
Mortgage P&I
64%
$2,666
Property Taxes
9%
$382
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$501
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$459