This property looks like a bad Mid-Term investment with a projected -9.5% first-year return on $123k initial cash invested.
-9.5%
Cash On Cash
4.68%
Cap Rate
0.7
DSCR
$3,207
Rent
-$972
Cashflow
Cash Flow
$3,207 income − $4,179 expenses = $972 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,207
Total Expenses
$4,179
Mortgage P&I
87%
$2,789
Property Taxes
4%
$125
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353