This property looks like a bad Mid-Term investment with a projected -9.3% first-year return on $124k initial cash invested.
-9.3%
Cash On Cash
4.73%
Cap Rate
0.71
DSCR
$3,478
Rent
-$961
Cashflow
Cash Flow
$3,478 income − $4,439 expenses = $961 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,047
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,478
Total Expenses
$4,439
Mortgage P&I
81%
$2,812
Property Taxes
7%
$256
Home Insurance
5%
$189
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383