This property looks like a bad Mid-Term investment with a projected -5.07% first-year return on $123k initial cash invested.
-5.07%
Cash On Cash
5.7%
Cap Rate
0.87
DSCR
$4,034
Rent
-$520
Cashflow
Cash Flow
$4,034 income − $4,554 expenses = $520 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,034
Total Expenses
$4,554
Mortgage P&I
68%
$2,732
Property Taxes
7%
$276
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$484
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$444