This property looks like a bad Mid-Term investment with a projected -4.1% first-year return on $124k initial cash invested.
-4.1%
Cash On Cash
5.74%
Cap Rate
0.9
DSCR
$3,813
Rent
-$425
Cashflow
Cash Flow
$3,813 income − $4,238 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$507k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,065
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,813
Total Expenses
$4,238
Mortgage P&I
71%
$2,696
Property Taxes
2%
$68
Home Insurance
5%
$177
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$114
Maintenance
4%
$153
Other
11%
$419