This property looks like a bad Mid-Term investment with a projected -5.88% first-year return on $123k initial cash invested.
-5.88%
Cash On Cash
5.36%
Cap Rate
0.83
DSCR
$3,676
Rent
-$602
Cashflow
Cash Flow
$3,676 income − $4,278 expenses = $602 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,676
Total Expenses
$4,278
Mortgage P&I
73%
$2,682
Property Taxes
5%
$172
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404