This property looks like a bad Mid-Term investment with a projected -4.62% first-year return on $123k initial cash invested.
-4.62%
Cash On Cash
5.47%
Cap Rate
0.88
DSCR
$3,885
Rent
-$472
Cashflow
Cash Flow
$3,885 income − $4,357 expenses = $472 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,700
Closing costs
1%
$4,985
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,885
Total Expenses
$4,357
Mortgage P&I
67%
$2,589
Property Taxes
7%
$273
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$466
CapEx
4%
$155
Vacancy
3%
$117
Maintenance
4%
$155
Other
11%
$427