This property looks like a bad Mid-Term investment with a projected -4.75% first-year return on $123k initial cash invested.
-4.75%
Cash On Cash
5.57%
Cap Rate
0.87
DSCR
$3,852
Rent
-$487
Cashflow
Cash Flow
$3,852 income − $4,339 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,852
Total Expenses
$4,339
Mortgage P&I
69%
$2,654
Property Taxes
5%
$200
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424