This property looks like a bad Mid-Term investment with a projected -7.76% first-year return on $123k initial cash invested.
-7.76%
Cash On Cash
4.51%
Cap Rate
0.74
DSCR
$3,544
Rent
-$795
Cashflow
Cash Flow
$3,544 income − $4,339 expenses = $795 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,544
Total Expenses
$4,339
Mortgage P&I
71%
$2,533
Property Taxes
12%
$426
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390