This property looks like a bad Mid-Term investment with a projected -5.85% first-year return on $123k initial cash invested.
-5.85%
Cash On Cash
5.06%
Cap Rate
0.82
DSCR
$3,351
Rent
-$599
Cashflow
Cash Flow
$3,351 income − $3,950 expenses = $599 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,820
Closing costs
1%
$4,991
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,351
Total Expenses
$3,950
Mortgage P&I
77%
$2,568
Property Taxes
2%
$70
Home Insurance
5%
$172
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369