This property looks like a bad Mid-Term investment with a projected -5.88% first-year return on $123k initial cash invested.
-5.88%
Cash On Cash
5.56%
Cap Rate
0.85
DSCR
$4,740
Rent
-$603
Cashflow
Cash Flow
$4,740 income − $5,343 expenses = $603 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,740
Total Expenses
$5,343
Mortgage P&I
58%
$2,729
Property Taxes
17%
$827
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$569
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$521