This property looks like a bad Mid-Term investment with a projected -0.7% first-year return on $124k initial cash invested.
-0.7%
Cash On Cash
6.24%
Cap Rate
1.04
DSCR
$4,287
Rent
-$72
Cashflow
Cash Flow
$4,287 income − $4,359 expenses = $72 out of pocket
Investment Breakdown
|
Purchase Price
$503k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,029
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,287
Total Expenses
$4,359
Mortgage P&I
59%
$2,516
Property Taxes
5%
$208
Home Insurance
4%
$178
HOA
0%
$0
Property Management
12%
$514
CapEx
4%
$171
Vacancy
3%
$129
Maintenance
4%
$171
Other
11%
$472