This property looks like a bad Mid-Term investment with a projected -3.46% first-year return on $123k initial cash invested.
-3.46%
Cash On Cash
5.99%
Cap Rate
0.95
DSCR
$5,336
Rent
-$353
Cashflow
Cash Flow
$5,336 income − $5,689 expenses = $353 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,620
Closing costs
1%
$4,981
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,336
Total Expenses
$5,689
Mortgage P&I
49%
$2,627
Property Taxes
20%
$1,074
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$640
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$587