This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $124k initial cash invested.
-2.39%
Cash On Cash
6.36%
Cap Rate
0.98
DSCR
$4,832
Rent
-$246
Cashflow
Cash Flow
$4,832 income − $5,078 expenses = $246 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%
$5,035
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,832
Total Expenses
$5,078
Mortgage P&I
56%
$2,720
Property Taxes
10%
$476
Home Insurance
4%
$178
HOA
1%
$61
Property Management
12%
$580
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$532