This property looks like a bad Mid-Term investment with a projected -2.94% first-year return on $123k initial cash invested.
-2.94%
Cash On Cash
6.09%
Cap Rate
0.95
DSCR
$4,353
Rent
-$301
Cashflow
Cash Flow
$4,353 income − $4,654 expenses = $301 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,353
Total Expenses
$4,654
Mortgage P&I
61%
$2,661
Property Taxes
8%
$338
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$479