This property looks like a bad Mid-Term investment with a projected -7.17% first-year return on $123k initial cash invested.
-7.17%
Cash On Cash
5.15%
Cap Rate
0.78
DSCR
$3,326
Rent
-$735
Cashflow
Cash Flow
$3,326 income − $4,061 expenses = $735 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
$3,326
Total Expenses
$4,061
Mortgage P&I
83%
$2,749
Property Taxes
0%
$6
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366