This property looks like a bad Mid-Term investment with a projected -8.2% first-year return on $123k initial cash invested.
-8.2%
Cash On Cash
4.71%
Cap Rate
0.73
DSCR
$3,237
Rent
-$840
Cashflow
Cash Flow
$3,237 income − $4,077 expenses = $840 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%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,237
Total Expenses
$4,077
Mortgage P&I
83%
$2,674
Property Taxes
4%
$129
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$356