This property looks like a bad Mid-Term investment with a projected -7.36% first-year return on $123k initial cash invested.
-7.36%
Cash On Cash
5.05%
Cap Rate
0.78
DSCR
$3,891
Rent
-$754
Cashflow
Cash Flow
$3,891 income − $4,645 expenses = $754 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,880
Closing costs
1%
$4,994
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,891
Total Expenses
$4,645
Mortgage P&I
69%
$2,698
Property Taxes
11%
$446
Home Insurance
5%
$177
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428