This property looks like a bad Mid-Term investment with a projected -17.14% first-year return on $123k initial cash invested.
-17.14%
Cash On Cash
2.55%
Cap Rate
0.39
DSCR
$1,833
Rent
-$1,757
Cashflow
Cash Flow
$1,833 income − $3,590 expenses = $1,757 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,833
Total Expenses
$3,590
Mortgage P&I
150%
$2,747
Property Taxes
2%
$45
Home Insurance
10%
$175
HOA
0%
$0
Property Management
12%
$220
CapEx
4%
$73
Vacancy
3%
$55
Maintenance
4%
$73
Other
11%
$202