This property looks like a bad Mid-Term investment with a projected -2.14% first-year return on $123k initial cash invested.
-2.14%
Cash On Cash
6.43%
Cap Rate
0.99
DSCR
$4,874
Rent
-$219
Cashflow
Cash Flow
$4,874 income − $5,093 expenses = $219 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,874
Total Expenses
$5,093
Mortgage P&I
55%
$2,696
Property Taxes
11%
$531
Home Insurance
4%
$175
HOA
1%
$34
Property Management
12%
$585
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$536