This property looks like a bad Mid-Term investment with a projected -8.14% first-year return on $123k initial cash invested.
-8.14%
Cash On Cash
4.61%
Cap Rate
0.73
DSCR
$3,244
Rent
-$833
Cashflow
Cash Flow
$3,244 income − $4,077 expenses = $833 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,244
Total Expenses
$4,077
Mortgage P&I
81%
$2,620
Property Taxes
6%
$179
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357