This property looks like a bad Mid-Term investment with a projected -4.6% first-year return on $124k initial cash invested.
-4.6%
Cash On Cash
5.68%
Cap Rate
0.89
DSCR
$4,206
Rent
-$476
Cashflow
Cash Flow
$4,206 income − $4,682 expenses = $476 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,056
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,206
Total Expenses
$4,682
Mortgage P&I
64%
$2,703
Property Taxes
7%
$314
Home Insurance
5%
$210
HOA
1%
$25
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463