This property looks like a bad Mid-Term investment with a projected -8.5% first-year return on $123k initial cash invested.
-8.5%
Cash On Cash
5.03%
Cap Rate
0.75
DSCR
$4,496
Rent
-$874
Cashflow
Cash Flow
$4,496 income − $5,370 expenses = $874 out of pocket
Investment Breakdown
|
Purchase Price
$502k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100k
Closing costs
1%
$5,019
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,496
Total Expenses
$5,370
Mortgage P&I
62%
$2,798
Property Taxes
19%
$864
Home Insurance
4%
$178
HOA
0%
$0
Property Management
12%
$540
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$495