This property looks like a bad Mid-Term investment with a projected -15.86% first-year return on $123k initial cash invested.
-15.86%
Cash On Cash
2.55%
Cap Rate
0.41
DSCR
$2,608
Rent
-$1,625
Cashflow
Cash Flow
$2,608 income − $4,233 expenses = $1,625 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,608
Total Expenses
$4,233
Mortgage P&I
99%
$2,582
Property Taxes
23%
$590
Home Insurance
7%
$175
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287