This property looks like a bad Mid-Term investment with a projected -4.7% first-year return on $123k initial cash invested.
-4.7%
Cash On Cash
5.61%
Cap Rate
0.88
DSCR
$4,245
Rent
-$482
Cashflow
Cash Flow
$4,245 income − $4,727 expenses = $482 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,245
Total Expenses
$4,727
Mortgage P&I
62%
$2,650
Property Taxes
10%
$428
Home Insurance
5%
$206
HOA
0%
$0
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467