This property looks like a bad Mid-Term investment with a projected -5.48% first-year return on $123k initial cash invested.
-5.48%
Cash On Cash
5.68%
Cap Rate
0.85
DSCR
$3,828
Rent
-$561
Cashflow
Cash Flow
$3,828 income − $4,389 expenses = $561 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,828
Total Expenses
$4,389
Mortgage P&I
72%
$2,771
Property Taxes
4%
$142
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$459
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421