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
5.5%
Cap Rate
0.9
DSCR
$4,167
Rent
-$430
Cashflow
Cash Flow
$4,167 income − $4,597 expenses = $430 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%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,167
Total Expenses
$4,597
Mortgage P&I
61%
$2,555
Property Taxes
11%
$450
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$500
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$458