This property looks like a bad Mid-Term investment with a projected -6.04% first-year return on $123k initial cash invested.
-6.04%
Cash On Cash
5.36%
Cap Rate
0.83
DSCR
$4,104
Rent
-$619
Cashflow
Cash Flow
$4,104 income − $4,723 expenses = $619 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,104
Total Expenses
$4,723
Mortgage P&I
65%
$2,687
Property Taxes
11%
$467
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$492
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$451