This property looks like a bad Mid-Term investment with a projected -5.56% first-year return on $123k initial cash invested.
-5.56%
Cash On Cash
5.6%
Cap Rate
0.85
DSCR
$4,238
Rent
-$568
Cashflow
Cash Flow
$4,238 income − $4,806 expenses = $568 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,640
Closing costs
1%
$4,982
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,238
Total Expenses
$4,806
Mortgage P&I
64%
$2,721
Property Taxes
11%
$468
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$466