This property looks like a bad Mid-Term investment with a projected -6.24% first-year return on $124k initial cash invested.
-6.24%
Cash On Cash
5.59%
Cap Rate
0.83
DSCR
$4,220
Rent
-$643
Cashflow
Cash Flow
$4,220 income − $4,863 expenses = $643 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,035
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,220
Total Expenses
$4,863
Mortgage P&I
67%
$2,819
Property Taxes
10%
$429
Home Insurance
4%
$180
HOA
0%
$0
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$464