This property looks like a bad Mid-Term investment with a projected -2.43% first-year return on $124k initial cash invested.
-2.43%
Cash On Cash
5.9%
Cap Rate
0.96
DSCR
$4,020
Rent
-$251
Cashflow
Cash Flow
$4,020 income − $4,271 expenses = $251 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,038
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,020
Total Expenses
$4,271
Mortgage P&I
64%
$2,567
Property Taxes
4%
$155
Home Insurance
5%
$182
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442