This property looks like a bad Mid-Term investment with a projected -3.84% first-year return on $123k initial cash invested.
-3.84%
Cash On Cash
5.54%
Cap Rate
0.91
DSCR
$4,224
Rent
-$394
Cashflow
Cash Flow
$4,224 income − $4,618 expenses = $394 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%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,224
Total Expenses
$4,618
Mortgage P&I
60%
$2,533
Property Taxes
11%
$473
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465