This property looks like a bad Mid-Term investment with a projected -8.86% first-year return on $123k initial cash invested.
-8.86%
Cash On Cash
4.58%
Cap Rate
0.71
DSCR
$3,375
Rent
-$908
Cashflow
Cash Flow
$3,375 income − $4,283 expenses = $908 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,375
Total Expenses
$4,283
Mortgage P&I
79%
$2,681
Property Taxes
6%
$190
Home Insurance
5%
$175
HOA
3%
$90
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371