This property looks like a bad Mid-Term investment with a projected -12.81% first-year return on $123k initial cash invested.
-12.81%
Cash On Cash
3.29%
Cap Rate
0.53
DSCR
$2,588
Rent
-$1,311
Cashflow
Cash Flow
$2,588 income − $3,899 expenses = $1,311 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,588
Total Expenses
$3,899
Mortgage P&I
100%
$2,577
Property Taxes
10%
$265
Home Insurance
7%
$175
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285