This property looks like a bad Mid-Term investment with a projected -19.93% first-year return on $123k initial cash invested.
-19.93%
Cash On Cash
2.03%
Cap Rate
0.3
DSCR
$2,138
Rent
-$2,042
Cashflow
Cash Flow
$2,138 income − $4,180 expenses = $2,042 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,138
Total Expenses
$4,180
Mortgage P&I
131%
$2,803
Property Taxes
19%
$407
Home Insurance
8%
$175
HOA
3%
$67
Property Management
12%
$257
CapEx
4%
$86
Vacancy
3%
$64
Maintenance
4%
$86
Other
11%
$235