This property looks like a bad Mid-Term investment with a projected -5.8% first-year return on $123k initial cash invested.
-5.8%
Cash On Cash
5.47%
Cap Rate
0.85
DSCR
$4,746
Rent
-$594
Cashflow
Cash Flow
$4,746 income − $5,340 expenses = $594 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,746
Total Expenses
$5,340
Mortgage P&I
57%
$2,682
Property Taxes
18%
$869
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$570
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$522