This property looks like a bad Mid-Term investment with a projected -7.29% first-year return on $123k initial cash invested.
-7.29%
Cash On Cash
5.19%
Cap Rate
0.79
DSCR
$3,867
Rent
-$746
Cashflow
Cash Flow
$3,867 income − $4,613 expenses = $746 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,867
Total Expenses
$4,613
Mortgage P&I
71%
$2,749
Property Taxes
10%
$374
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$464
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$425