This property looks like a bad Mid-Term investment with a projected -5.47% first-year return on $123k initial cash invested.
-5.47%
Cash On Cash
5.64%
Cap Rate
0.86
DSCR
$4,224
Rent
-$560
Cashflow
Cash Flow
$4,224 income − $4,784 expenses = $560 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,940
Closing costs
1%
$4,997
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,224
Total Expenses
$4,784
Mortgage P&I
65%
$2,739
Property Taxes
10%
$433
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465