This property looks like a bad Mid-Term investment with a projected -10.03% first-year return on $124k initial cash invested.
-10.03%
Cash On Cash
4.23%
Cap Rate
0.67
DSCR
$3,765
Rent
-$1,035
Cashflow
Cash Flow
$3,765 income − $4,800 expenses = $1,035 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,041
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,765
Total Expenses
$4,800
Mortgage P&I
71%
$2,659
Property Taxes
17%
$636
Home Insurance
6%
$224
HOA
0%
$0
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$414