This property looks like a bad Mid-Term investment with a projected -4.09% first-year return on $123k initial cash invested.
-4.09%
Cash On Cash
5.76%
Cap Rate
0.91
DSCR
$4,260
Rent
-$419
Cashflow
Cash Flow
$4,260 income − $4,679 expenses = $419 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,960
Closing costs
1%
$4,998
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,260
Total Expenses
$4,679
Mortgage P&I
62%
$2,650
Property Taxes
9%
$401
Home Insurance
4%
$180
HOA
0%
$0
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$469