This property looks like a bad Mid-Term investment with a projected -1.91% first-year return on $123k initial cash invested.
-1.91%
Cash On Cash
6.53%
Cap Rate
1
DSCR
$4,936
Rent
-$195
Cashflow
Cash Flow
$4,936 income − $5,131 expenses = $195 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,936
Total Expenses
$5,131
Mortgage P&I
55%
$2,712
Property Taxes
11%
$567
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$592
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$543