This property looks like a bad Mid-Term investment with a projected -5.3% first-year return on $123k initial cash invested.
-5.3%
Cash On Cash
5.79%
Cap Rate
0.87
DSCR
$4,214
Rent
-$542
Cashflow
Cash Flow
$4,214 income − $4,756 expenses = $542 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,680
Closing costs
1%
$4,984
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,214
Total Expenses
$4,756
Mortgage P&I
66%
$2,779
Property Taxes
9%
$368
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$126
Maintenance
4%
$169
Other
11%
$464