This property looks like a bad Mid-Term investment with a projected -2.91% first-year return on $123k initial cash invested.
-2.91%
Cash On Cash
5.93%
Cap Rate
0.95
DSCR
$4,284
Rent
-$298
Cashflow
Cash Flow
$4,284 income − $4,582 expenses = $298 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,284
Total Expenses
$4,582
Mortgage P&I
61%
$2,596
Property Taxes
8%
$355
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$514
CapEx
4%
$171
Vacancy
3%
$129
Maintenance
4%
$171
Other
11%
$471