This property looks like a bad Mid-Term investment with a projected -11.41% first-year return on $123k initial cash invested.
-11.41%
Cash On Cash
3.56%
Cap Rate
0.58
DSCR
$2,571
Rent
-$1,169
Cashflow
Cash Flow
$2,571 income − $3,740 expenses = $1,169 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
$2,571
Total Expenses
$3,740
Mortgage P&I
99%
$2,548
Property Taxes
6%
$142
Home Insurance
7%
$175
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283