This property looks like a bad Mid-Term investment with a projected -1.62% first-year return on $123k initial cash invested.
-1.62%
Cash On Cash
6.4%
Cap Rate
1.03
DSCR
$5,811
Rent
-$165
Cashflow
Cash Flow
$5,811 income − $5,976 expenses = $165 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,540
Closing costs
1%
$4,977
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,811
Total Expenses
$5,976
Mortgage P&I
45%
$2,589
Property Taxes
16%
$953
Home Insurance
3%
$180
HOA
5%
$280
Property Management
12%
$697
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$639