This property looks like a bad Mid-Term investment with a projected -8.5% first-year return on $123k initial cash invested.
-8.5%
Cash On Cash
4.88%
Cap Rate
0.73
DSCR
$3,338
Rent
-$871
Cashflow
Cash Flow
$3,338 income − $4,209 expenses = $871 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%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,338
Total Expenses
$4,209
Mortgage P&I
83%
$2,768
Property Taxes
4%
$130
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$367