This property looks like a bad Mid-Term investment with a projected -16.37% first-year return on $123k initial cash invested.
-16.37%
Cash On Cash
2.24%
Cap Rate
0.37
DSCR
$1,734
Rent
-$1,678
Cashflow
Cash Flow
$1,734 income − $3,412 expenses = $1,678 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,734
Total Expenses
$3,412
Mortgage P&I
147%
$2,543
Property Taxes
6%
$105
Home Insurance
10%
$175
HOA
0%
$0
Property Management
12%
$208
CapEx
4%
$69
Vacancy
3%
$52
Maintenance
4%
$69
Other
11%
$191