This property looks like a bad Mid-Term investment with a projected -10.69% first-year return on $124k initial cash invested.
-10.69%
Cash On Cash
3.94%
Cap Rate
0.63
DSCR
$3,140
Rent
-$1,102
Cashflow
Cash Flow
$3,140 income − $4,242 expenses = $1,102 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,036
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,140
Total Expenses
$4,242
Mortgage P&I
84%
$2,629
Property Taxes
10%
$329
Home Insurance
6%
$184
HOA
1%
$32
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$345