This property looks like a bad Mid-Term investment with a projected -4.35% first-year return on $123k initial cash invested.
-4.35%
Cash On Cash
5.9%
Cap Rate
0.9
DSCR
$3,968
Rent
-$445
Cashflow
Cash Flow
$3,968 income − $4,413 expenses = $445 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
$3,968
Total Expenses
$4,413
Mortgage P&I
69%
$2,740
Property Taxes
4%
$149
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$476
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$436