This property looks like a bad Mid-Term investment with a projected -8.11% first-year return on $123k initial cash invested.
-8.11%
Cash On Cash
4.48%
Cap Rate
0.73
DSCR
$3,417
Rent
-$831
Cashflow
Cash Flow
$3,417 income − $4,248 expenses = $831 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,417
Total Expenses
$4,248
Mortgage P&I
75%
$2,560
Property Taxes
10%
$350
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$376