This property looks like a bad Mid-Term investment with a projected -12.3% first-year return on $123k initial cash invested.
-12.3%
Cash On Cash
3.89%
Cap Rate
0.59
DSCR
$3,140
Rent
-$1,259
Cashflow
Cash Flow
$3,140 income − $4,399 expenses = $1,259 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,140
Total Expenses
$4,399
Mortgage P&I
88%
$2,750
Property Taxes
13%
$406
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$345