This property looks like a bad Mid-Term investment with a projected -16.13% first-year return on $124k initial cash invested.
-16.13%
Cash On Cash
2.79%
Cap Rate
0.43
DSCR
$2,044
Rent
-$1,665
Cashflow
Cash Flow
$2,044 income − $3,709 expenses = $1,665 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,044
Total Expenses
$3,709
Mortgage P&I
135%
$2,757
Property Taxes
4%
$90
Home Insurance
8%
$167
HOA
0%
$0
Property Management
12%
$245
CapEx
4%
$82
Vacancy
3%
$61
Maintenance
4%
$82
Other
11%
$225