This property looks like a bad Mid-Term investment with a projected -0.14% first-year return on $123k initial cash invested.
-0.14%
Cash On Cash
6.62%
Cap Rate
1.08
DSCR
$5,314
Rent
-$14
Cashflow
Cash Flow
$5,314 income − $5,328 expenses = $14 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.6%
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
$5,314
Total Expenses
$5,328
Mortgage P&I
48%
$2,558
Property Taxes
15%
$787
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$638
CapEx
4%
$213
Vacancy
3%
$159
Maintenance
4%
$213
Other
11%
$585