This property looks like a bad Mid-Term investment with a projected -9.62% first-year return on $123k initial cash invested.
-9.62%
Cash On Cash
4.46%
Cap Rate
0.69
DSCR
$3,618
Rent
-$986
Cashflow
Cash Flow
$3,618 income − $4,604 expenses = $986 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,618
Total Expenses
$4,604
Mortgage P&I
75%
$2,699
Property Taxes
14%
$499
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$398