This property looks like a bad Mid-Term investment with a projected -10.11% first-year return on $124k initial cash invested.
-10.11%
Cash On Cash
4.25%
Cap Rate
0.66
DSCR
$3,330
Rent
-$1,041
Cashflow
Cash Flow
$3,330 income − $4,371 expenses = $1,041 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,025
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,330
Total Expenses
$4,371
Mortgage P&I
81%
$2,687
Property Taxes
10%
$347
Home Insurance
6%
$205
HOA
0%
$0
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366