This property looks like a bad Mid-Term investment with a projected -6.73% first-year return on $124k initial cash invested.
-6.73%
Cash On Cash
5.22%
Cap Rate
0.8
DSCR
$4,011
Rent
-$695
Cashflow
Cash Flow
$4,011 income − $4,706 expenses = $695 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,041
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,011
Total Expenses
$4,706
Mortgage P&I
68%
$2,727
Property Taxes
11%
$440
Home Insurance
4%
$177
HOA
0%
$0
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441