This property looks like a bad Mid-Term investment with a projected -4.36% first-year return on $123k initial cash invested.
-4.36%
Cash On Cash
5.83%
Cap Rate
0.91
DSCR
$5,158
Rent
-$448
Cashflow
Cash Flow
$5,158 income − $5,606 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$502k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100k
Closing costs
1%
$5,020
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,158
Total Expenses
$5,606
Mortgage P&I
52%
$2,680
Property Taxes
18%
$950
Home Insurance
3%
$176
HOA
1%
$47
Property Management
12%
$619
CapEx
4%
$206
Vacancy
3%
$155
Maintenance
4%
$206
Other
11%
$567