This property looks like a bad Mid-Term investment with a projected -0.41% first-year return on $123k initial cash invested.
-0.41%
Cash On Cash
6.53%
Cap Rate
1.05
DSCR
$4,550
Rent
-$42
Cashflow
Cash Flow
$4,550 income − $4,592 expenses = $42 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.7%
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
$4,550
Total Expenses
$4,592
Mortgage P&I
57%
$2,582
Property Taxes
6%
$289
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$546
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$500