This property looks like a bad Mid-Term investment with a projected -5.3% first-year return on $123k initial cash invested.
-5.3%
Cash On Cash
5.86%
Cap Rate
0.88
DSCR
$4,960
Rent
-$541
Cashflow
Cash Flow
$4,960 income − $5,501 expenses = $541 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,560
Closing costs
1%
$4,978
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,960
Total Expenses
$5,501
Mortgage P&I
56%
$2,775
Property Taxes
17%
$865
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$595
CapEx
4%
$198
Vacancy
3%
$149
Maintenance
4%
$198
Other
11%
$546