This property looks like a bad Mid-Term investment with a projected -9.87% first-year return on $123k initial cash invested.
-9.87%
Cash On Cash
4.37%
Cap Rate
0.68
DSCR
$3,508
Rent
-$1,010
Cashflow
Cash Flow
$3,508 income − $4,518 expenses = $1,010 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,508
Total Expenses
$4,518
Mortgage P&I
77%
$2,689
Property Taxes
13%
$462
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386