This property looks like a bad Mid-Term investment with a projected -6.32% first-year return on $124k initial cash invested.
-6.32%
Cash On Cash
5.49%
Cap Rate
0.82
DSCR
$4,035
Rent
-$651
Cashflow
Cash Flow
$4,035 income − $4,686 expenses = $651 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,032
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,035
Total Expenses
$4,686
Mortgage P&I
69%
$2,792
Property Taxes
9%
$343
Home Insurance
4%
$180
HOA
0%
$0
Property Management
12%
$484
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$444