This property looks like a bad Mid-Term investment with a projected -6.73% first-year return on $123k initial cash invested.
-6.73%
Cash On Cash
5.46%
Cap Rate
0.82
DSCR
$4,527
Rent
-$687
Cashflow
Cash Flow
$4,527 income − $5,214 expenses = $687 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%
$99,580
Closing costs
1%
$4,979
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,527
Total Expenses
$5,214
Mortgage P&I
61%
$2,771
Property Taxes
16%
$725
Home Insurance
4%
$175
HOA
0%
$4
Property Management
12%
$543
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$498