This property looks like a bad Mid-Term investment with a projected -4.12% first-year return on $123k initial cash invested.
-4.12%
Cash On Cash
5.49%
Cap Rate
0.9
DSCR
$4,248
Rent
-$422
Cashflow
Cash Flow
$4,248 income − $4,670 expenses = $422 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,248
Total Expenses
$4,670
Mortgage P&I
60%
$2,538
Property Taxes
12%
$500
Home Insurance
4%
$175
HOA
0%
$13
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467