This property looks like a bad Mid-Term investment with a projected -15.57% first-year return on $123k initial cash invested.
-15.57%
Cash On Cash
2.54%
Cap Rate
0.41
DSCR
$1,803
Rent
-$1,593
Cashflow
Cash Flow
$1,803 income − $3,396 expenses = $1,593 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,803
Total Expenses
$3,396
Mortgage P&I
143%
$2,576
Property Taxes
2%
$33
Home Insurance
10%
$175
HOA
0%
$0
Property Management
12%
$216
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$198