This property looks like a bad Mid-Term investment with a projected -7.21% first-year return on $123k initial cash invested.
-7.21%
Cash On Cash
5.09%
Cap Rate
0.79
DSCR
$3,970
Rent
-$739
Cashflow
Cash Flow
$3,970 income − $4,709 expenses = $739 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,990
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,970
Total Expenses
$4,709
Mortgage P&I
68%
$2,701
Property Taxes
12%
$483
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$476
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437