This property looks like a bad Mid-Term investment with a projected -6.74% first-year return on $123k initial cash invested.
-6.74%
Cash On Cash
5.29%
Cap Rate
0.8
DSCR
$3,879
Rent
-$691
Cashflow
Cash Flow
$3,879 income − $4,570 expenses = $691 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%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,879
Total Expenses
$4,570
Mortgage P&I
71%
$2,741
Property Taxes
9%
$336
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$427