This property looks like a bad Mid-Term investment with a projected -6.37% first-year return on $123k initial cash invested.
-6.37%
Cash On Cash
5.37%
Cap Rate
0.82
DSCR
$4,047
Rent
-$653
Cashflow
Cash Flow
$4,047 income − $4,700 expenses = $653 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%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,047
Total Expenses
$4,700
Mortgage P&I
67%
$2,729
Property Taxes
10%
$420
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445