This property looks like a bad Mid-Term investment with a projected -9.42% first-year return on $124k initial cash invested.
-9.42%
Cash On Cash
4.9%
Cap Rate
0.72
DSCR
$4,551
Rent
-$972
Cashflow
Cash Flow
$4,551 income − $5,523 expenses = $972 out of pocket
Investment Breakdown
|
Purchase Price
$504k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,040
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,551
Total Expenses
$5,523
Mortgage P&I
63%
$2,846
Property Taxes
21%
$946
Home Insurance
4%
$178
HOA
0%
$5
Property Management
12%
$546
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$501