This property looks like a bad Mid-Term investment with a projected -8.24% first-year return on $123k initial cash invested.
-8.24%
Cash On Cash
4.97%
Cap Rate
0.75
DSCR
$3,856
Rent
-$845
Cashflow
Cash Flow
$3,856 income − $4,701 expenses = $845 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,856
Total Expenses
$4,701
Mortgage P&I
72%
$2,762
Property Taxes
9%
$350
Home Insurance
5%
$175
HOA
3%
$103
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424