This property looks like a bad Mid-Term investment with a projected -5.84% first-year return on $123k initial cash invested.
-5.84%
Cash On Cash
5.53%
Cap Rate
0.84
DSCR
$4,240
Rent
-$599
Cashflow
Cash Flow
$4,240 income − $4,839 expenses = $599 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,240
Total Expenses
$4,839
Mortgage P&I
65%
$2,735
Property Taxes
11%
$487
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$466