This property looks like a bad Mid-Term investment with a projected -1.33% first-year return on $123k initial cash invested.
-1.33%
Cash On Cash
6.72%
Cap Rate
1.02
DSCR
$4,912
Rent
-$136
Cashflow
Cash Flow
$4,912 income − $5,048 expenses = $136 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
$4,912
Total Expenses
$5,048
Mortgage P&I
56%
$2,740
Property Taxes
9%
$465
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$589
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$540