This property looks like a bad Mid-Term investment with a projected -14.52% first-year return on $123k initial cash invested.
-14.52%
Cash On Cash
3.38%
Cap Rate
0.51
DSCR
$2,775
Rent
-$1,488
Cashflow
Cash Flow
$2,775 income − $4,263 expenses = $1,488 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,775
Total Expenses
$4,263
Mortgage P&I
100%
$2,783
Property Taxes
13%
$362
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305