This property looks like a bad Mid-Term investment with a projected -10.94% first-year return on $123k initial cash invested.
-10.94%
Cash On Cash
3.74%
Cap Rate
0.61
DSCR
$3,039
Rent
-$1,121
Cashflow
Cash Flow
$3,039 income − $4,160 expenses = $1,121 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%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,039
Total Expenses
$4,160
Mortgage P&I
84%
$2,555
Property Taxes
13%
$396
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$334