This property looks like a bad Mid-Term investment with a projected -4.2% first-year return on $123k initial cash invested.
-4.2%
Cash On Cash
5.76%
Cap Rate
0.91
DSCR
$4,713
Rent
-$430
Cashflow
Cash Flow
$4,713 income − $5,143 expenses = $430 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,713
Total Expenses
$5,143
Mortgage P&I
56%
$2,641
Property Taxes
15%
$724
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$566
CapEx
4%
$189
Vacancy
3%
$141
Maintenance
4%
$189
Other
11%
$518