This property looks like a bad Mid-Term investment with a projected -3.43% first-year return on $123k initial cash invested.
-3.43%
Cash On Cash
6.06%
Cap Rate
0.93
DSCR
$4,407
Rent
-$352
Cashflow
Cash Flow
$4,407 income − $4,759 expenses = $352 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,407
Total Expenses
$4,759
Mortgage P&I
61%
$2,702
Property Taxes
9%
$384
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$529
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$485