This property looks like a bad Mid-Term investment with a projected -7.59% first-year return on $123k initial cash invested.
-7.59%
Cash On Cash
5.01%
Cap Rate
0.77
DSCR
$3,712
Rent
-$778
Cashflow
Cash Flow
$3,712 income − $4,490 expenses = $778 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,712
Total Expenses
$4,490
Mortgage P&I
73%
$2,719
Property Taxes
9%
$336
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408