This property looks like a bad Mid-Term investment with a projected -10.33% first-year return on $123k initial cash invested.
-10.33%
Cash On Cash
4.4%
Cap Rate
0.66
DSCR
$3,022
Rent
-$1,058
Cashflow
Cash Flow
$3,022 income − $4,080 expenses = $1,058 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,900
Closing costs
1%
$4,995
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,022
Total Expenses
$4,080
Mortgage P&I
92%
$2,768
Property Taxes
4%
$109
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332