This property looks like a bad Mid-Term investment with a projected -8.39% first-year return on $124k initial cash invested.
-8.39%
Cash On Cash
4.58%
Cap Rate
0.72
DSCR
$3,412
Rent
-$868
Cashflow
Cash Flow
$3,412 income − $4,280 expenses = $868 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,056
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,412
Total Expenses
$4,280
Mortgage P&I
78%
$2,660
Property Taxes
8%
$278
Home Insurance
5%
$184
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375