This property looks like a bad Mid-Term investment with a projected -5.15% first-year return on $123k initial cash invested.
-5.15%
Cash On Cash
5.51%
Cap Rate
0.86
DSCR
$3,780
Rent
-$527
Cashflow
Cash Flow
$3,780 income − $4,307 expenses = $527 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,780
Total Expenses
$4,307
Mortgage P&I
71%
$2,669
Property Taxes
5%
$178
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416