This property looks like a bad Mid-Term investment with a projected -7.28% first-year return on $123k initial cash invested.
-7.28%
Cash On Cash
5.09%
Cap Rate
0.78
DSCR
$3,590
Rent
-$744
Cashflow
Cash Flow
$3,590 income − $4,334 expenses = $744 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,720
Closing costs
1%
$4,986
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,590
Total Expenses
$4,334
Mortgage P&I
76%
$2,714
Property Taxes
3%
$92
Home Insurance
9%
$306
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395