This property looks like a bad Mid-Term investment with a projected -16.7% first-year return on $124k initial cash invested.
-16.7%
Cash On Cash
2.77%
Cap Rate
0.42
DSCR
$3,028
Rent
-$1,727
Cashflow
Cash Flow
$3,028 income − $4,755 expenses = $1,727 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,051
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,028
Total Expenses
$4,755
Mortgage P&I
92%
$2,774
Property Taxes
26%
$777
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333