This property looks like a bad Mid-Term investment with a projected -6.12% first-year return on $124k initial cash invested.
-6.12%
Cash On Cash
5.47%
Cap Rate
0.83
DSCR
$4,209
Rent
-$630
Cashflow
Cash Flow
$4,209 income − $4,839 expenses = $630 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,209
Total Expenses
$4,839
Mortgage P&I
65%
$2,752
Property Taxes
11%
$477
Home Insurance
4%
$180
HOA
0%
$0
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463