This property looks like a bad Mid-Term investment with a projected -10.28% first-year return on $123k initial cash invested.
-10.28%
Cash On Cash
4.55%
Cap Rate
0.67
DSCR
$3,298
Rent
-$1,054
Cashflow
Cash Flow
$3,298 income − $4,352 expenses = $1,054 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,298
Total Expenses
$4,352
Mortgage P&I
85%
$2,817
Property Taxes
7%
$238
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363