This property looks like a bad Mid-Term investment with a projected -7.96% first-year return on $124k initial cash invested.
-7.96%
Cash On Cash
4.98%
Cap Rate
0.76
DSCR
$4,322
Rent
-$819
Cashflow
Cash Flow
$4,322 income − $5,141 expenses = $819 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,025
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,322
Total Expenses
$5,141
Mortgage P&I
63%
$2,733
Property Taxes
18%
$763
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$475