This property looks like a bad Mid-Term investment with a projected -2.87% first-year return on $123k initial cash invested.
-2.87%
Cash On Cash
5.87%
Cap Rate
0.95
DSCR
$4,092
Rent
-$295
Cashflow
Cash Flow
$4,092 income − $4,387 expenses = $295 out of pocket
Investment Breakdown
|
Purchase Price
$501k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100k
Closing costs
1%
$5,008
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,092
Total Expenses
$4,387
Mortgage P&I
63%
$2,580
Property Taxes
6%
$237
Home Insurance
4%
$178
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450