This property looks like a bad Mid-Term investment with a projected -11.53% first-year return on $123k initial cash invested.
-11.53%
Cash On Cash
3.84%
Cap Rate
0.6
DSCR
$3,039
Rent
-$1,180
Cashflow
Cash Flow
$3,039 income − $4,219 expenses = $1,180 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,039
Total Expenses
$4,219
Mortgage P&I
87%
$2,656
Property Taxes
12%
$354
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$334