This property looks like a bad Mid-Term investment with a projected -14.67% first-year return on $123k initial cash invested.
-14.67%
Cash On Cash
3.34%
Cap Rate
0.51
DSCR
$3,538
Rent
-$1,503
Cashflow
Cash Flow
$3,538 income − $5,041 expenses = $1,503 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%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,538
Total Expenses
$5,041
Mortgage P&I
78%
$2,751
Property Taxes
15%
$532
Home Insurance
5%
$175
HOA
11%
$379
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$389