This property looks like a bad Mid-Term investment with a projected -8.48% first-year return on $123k initial cash invested.
-8.48%
Cash On Cash
4.8%
Cap Rate
0.73
DSCR
$3,260
Rent
-$869
Cashflow
Cash Flow
$3,260 income − $4,129 expenses = $869 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,260
Total Expenses
$4,129
Mortgage P&I
84%
$2,738
Property Taxes
3%
$108
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$359