This property looks like a bad Mid-Term investment with a projected -16.14% first-year return on $123k initial cash invested.
-16.14%
Cash On Cash
2.41%
Cap Rate
0.39
DSCR
$1,870
Rent
-$1,654
Cashflow
Cash Flow
$1,870 income − $3,524 expenses = $1,654 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,870
Total Expenses
$3,524
Mortgage P&I
138%
$2,581
Property Taxes
7%
$132
Home Insurance
9%
$175
HOA
0%
$0
Property Management
12%
$224
CapEx
4%
$75
Vacancy
3%
$56
Maintenance
4%
$75
Other
11%
$206