This property looks like a bad Mid-Term investment with a projected -13.13% first-year return on $123k initial cash invested.
-13.13%
Cash On Cash
3.06%
Cap Rate
0.5
DSCR
$2,380
Rent
-$1,346
Cashflow
Cash Flow
$2,380 income − $3,726 expenses = $1,346 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,380
Total Expenses
$3,726
Mortgage P&I
106%
$2,526
Property Taxes
9%
$208
Home Insurance
7%
$175
HOA
0%
$8
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$262