This property looks like a bad Mid-Term investment with a projected -4.39% first-year return on $123k initial cash invested.
-4.39%
Cash On Cash
5.48%
Cap Rate
0.9
DSCR
$4,560
Rent
-$450
Cashflow
Cash Flow
$4,560 income − $5,010 expenses = $450 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.6%
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
$4,560
Total Expenses
$5,010
Mortgage P&I
56%
$2,553
Property Taxes
16%
$732
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$547
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$502