This property looks like a bad Mid-Term investment with a projected -12.84% first-year return on $124k initial cash invested.
-12.84%
Cash On Cash
3.68%
Cap Rate
0.56
DSCR
$3,022
Rent
-$1,324
Cashflow
Cash Flow
$3,022 income − $4,346 expenses = $1,324 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%
$5,036
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,022
Total Expenses
$4,346
Mortgage P&I
91%
$2,748
Property Taxes
13%
$407
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332