This property looks like a bad Mid-Term investment with a projected -13.7% first-year return on $123k initial cash invested.
-13.7%
Cash On Cash
3.4%
Cap Rate
0.52
DSCR
$2,796
Rent
-$1,402
Cashflow
Cash Flow
$2,796 income − $4,198 expenses = $1,402 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,796
Total Expenses
$4,198
Mortgage P&I
97%
$2,702
Property Taxes
13%
$369
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308