This property looks like a bad Mid-Term investment with a projected -4.21% first-year return on $123k initial cash invested.
-4.21%
Cash On Cash
5.81%
Cap Rate
0.9
DSCR
$4,390
Rent
-$431
Cashflow
Cash Flow
$4,390 income − $4,821 expenses = $431 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,390
Total Expenses
$4,821
Mortgage P&I
61%
$2,671
Property Taxes
11%
$481
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$527
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$483