This property looks like a bad Mid-Term investment with a projected -5.41% first-year return on $105k initial cash invested.
-5.41%
Cash On Cash
5.35%
Cap Rate
0.88
DSCR
$4,142
Rent
-$472
Cashflow
Cash Flow
$4,142 income − $4,614 expenses = $472 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
0%
$1
Cashflow
Total Income
$4,142
Total Expenses
$4,614
Mortgage P&I
61%
$2,531
Property Taxes
12%
$499
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$497
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$456