This property looks like a bad Mid-Term investment with a projected -6.51% first-year return on $123k initial cash invested.
-6.51%
Cash On Cash
5.01%
Cap Rate
0.81
DSCR
$4,196
Rent
-$667
Cashflow
Cash Flow
$4,196 income − $4,863 expenses = $667 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,196
Total Expenses
$4,863
Mortgage P&I
62%
$2,584
Property Taxes
16%
$676
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462