This property looks like a bad Mid-Term investment with a projected -7.42% first-year return on $123k initial cash invested.
-7.42%
Cash On Cash
5.15%
Cap Rate
0.78
DSCR
$3,896
Rent
-$759
Cashflow
Cash Flow
$3,896 income − $4,655 expenses = $759 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
$3,896
Total Expenses
$4,655
Mortgage P&I
70%
$2,744
Property Taxes
11%
$410
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429