This property looks like a bad Mid-Term investment with a projected -5.46% first-year return on $123k initial cash invested.
-5.46%
Cash On Cash
5.53%
Cap Rate
0.85
DSCR
$3,624
Rent
-$560
Cashflow
Cash Flow
$3,624 income − $4,184 expenses = $560 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,624
Total Expenses
$4,184
Mortgage P&I
75%
$2,721
Property Taxes
2%
$55
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399