This property looks like a bad Mid-Term investment with a projected -7.23% first-year return on $124k initial cash invested.
-7.23%
Cash On Cash
5.15%
Cap Rate
0.79
DSCR
$4,196
Rent
-$750
Cashflow
Cash Flow
$4,196 income − $4,946 expenses = $750 out of pocket
Investment Breakdown
|
Purchase Price
$507k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,070
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,196
Total Expenses
$4,946
Mortgage P&I
66%
$2,758
Property Taxes
14%
$578
Home Insurance
4%
$182
HOA
0%
$0
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462