This property looks like a bad Mid-Term investment with a projected -2.72% first-year return on $123k initial cash invested.
-2.72%
Cash On Cash
6.14%
Cap Rate
0.96
DSCR
$4,377
Rent
-$279
Cashflow
Cash Flow
$4,377 income − $4,656 expenses = $279 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,377
Total Expenses
$4,656
Mortgage P&I
61%
$2,664
Property Taxes
7%
$317
Home Insurance
4%
$175
HOA
0%
$13
Property Management
12%
$525
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$481