This property looks like a bad Mid-Term investment with a projected -15.11% first-year return on $123k initial cash invested.
-15.11%
Cash On Cash
3.13%
Cap Rate
0.47
DSCR
$2,236
Rent
-$1,543
Cashflow
Cash Flow
$2,236 income − $3,779 expenses = $1,543 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,600
Closing costs
1%
$4,980
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,236
Total Expenses
$3,779
Mortgage P&I
123%
$2,754
Property Taxes
4%
$92
Home Insurance
8%
$174
HOA
0%
$0
Property Management
12%
$268
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$246