This property looks like a bad Mid-Term investment with a projected -11.2% first-year return on $123k initial cash invested.
-11.2%
Cash On Cash
3.69%
Cap Rate
0.6
DSCR
$2,898
Rent
-$1,148
Cashflow
Cash Flow
$2,898 income − $4,046 expenses = $1,148 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
$2,898
Total Expenses
$4,046
Mortgage P&I
89%
$2,568
Property Taxes
6%
$183
Home Insurance
6%
$175
HOA
5%
$134
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319