This property looks like a bad Mid-Term investment with a projected -1.96% first-year return on $123k initial cash invested.
-1.96%
Cash On Cash
6.43%
Cap Rate
1
DSCR
$4,910
Rent
-$201
Cashflow
Cash Flow
$4,910 income − $5,111 expenses = $201 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100k
Closing costs
1%
$5,002
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,910
Total Expenses
$5,111
Mortgage P&I
55%
$2,687
Property Taxes
12%
$572
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$589
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$540