This property looks like a bad Mid-Term investment with a projected -7.24% first-year return on $123k initial cash invested.
-7.24%
Cash On Cash
5.38%
Cap Rate
0.8
DSCR
$4,179
Rent
-$742
Cashflow
Cash Flow
$4,179 income − $4,921 expenses = $742 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.6%
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
$4,179
Total Expenses
$4,921
Mortgage P&I
67%
$2,816
Property Taxes
12%
$510
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$501
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$460