This property looks like a bad Mid-Term investment with a projected -5.65% first-year return on $123k initial cash invested.
-5.65%
Cash On Cash
5.47%
Cap Rate
0.84
DSCR
$3,554
Rent
-$579
Cashflow
Cash Flow
$3,554 income − $4,133 expenses = $579 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,554
Total Expenses
$4,133
Mortgage P&I
76%
$2,714
Property Taxes
1%
$36
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391