This property looks like a bad Mid-Term investment with a projected -6.65% first-year return on $123k initial cash invested.
-6.65%
Cash On Cash
5.46%
Cap Rate
0.81
DSCR
$3,723
Rent
-$682
Cashflow
Cash Flow
$3,723 income − $4,405 expenses = $682 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,723
Total Expenses
$4,405
Mortgage P&I
75%
$2,807
Property Taxes
2%
$79
Home Insurance
5%
$175
HOA
2%
$77
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410