This property looks like a bad Mid-Term investment with a projected -4.03% first-year return on $123k initial cash invested.
-4.03%
Cash On Cash
6.07%
Cap Rate
0.92
DSCR
$4,677
Rent
-$413
Cashflow
Cash Flow
$4,677 income − $5,090 expenses = $413 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,860
Closing costs
1%
$4,993
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,677
Total Expenses
$5,090
Mortgage P&I
59%
$2,751
Property Taxes
6%
$278
Home Insurance
4%
$166
HOA
7%
$306
Property Management
12%
$561
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$514