This property looks like a bad Mid-Term investment with a projected -3.07% first-year return on $123k initial cash invested.
-3.07%
Cash On Cash
6.08%
Cap Rate
0.95
DSCR
$4,695
Rent
-$315
Cashflow
Cash Flow
$4,695 income − $5,010 expenses = $315 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,695
Total Expenses
$5,010
Mortgage P&I
57%
$2,658
Property Taxes
12%
$581
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$563
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$516