This property looks like a bad Mid-Term investment with a projected -8.38% first-year return on $123k initial cash invested.
-8.38%
Cash On Cash
4.77%
Cap Rate
0.74
DSCR
$3,774
Rent
-$857
Cashflow
Cash Flow
$3,774 income − $4,631 expenses = $857 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,774
Total Expenses
$4,631
Mortgage P&I
71%
$2,691
Property Taxes
13%
$482
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415