This property looks like a bad Mid-Term investment with a projected -6.15% first-year return on $123k initial cash invested.
-6.15%
Cash On Cash
5.59%
Cap Rate
0.84
DSCR
$4,788
Rent
-$629
Cashflow
Cash Flow
$4,788 income − $5,417 expenses = $629 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,788
Total Expenses
$5,417
Mortgage P&I
58%
$2,763
Property Taxes
18%
$849
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$575
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$527