This property looks like a bad Mid-Term investment with a projected -12.16% first-year return on $123k initial cash invested.
-12.16%
Cash On Cash
3.5%
Cap Rate
0.56
DSCR
$3,054
Rent
-$1,245
Cashflow
Cash Flow
$3,054 income − $4,299 expenses = $1,245 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%
$99,900
Closing costs
1%
$4,995
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,054
Total Expenses
$4,299
Mortgage P&I
85%
$2,581
Property Taxes
17%
$505
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336