This property looks like a bad Mid-Term investment with a projected -3.15% first-year return on $123k initial cash invested.
-3.15%
Cash On Cash
6.28%
Cap Rate
0.95
DSCR
$4,536
Rent
-$323
Cashflow
Cash Flow
$4,536 income − $4,859 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,536
Total Expenses
$4,859
Mortgage P&I
61%
$2,759
Property Taxes
8%
$384
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$544
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$499