This property looks like a bad Mid-Term investment with a projected -15.36% first-year return on $123k initial cash invested.
-15.36%
Cash On Cash
2.42%
Cap Rate
0.4
DSCR
$1,941
Rent
-$1,574
Cashflow
Cash Flow
$1,941 income − $3,515 expenses = $1,574 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,941
Total Expenses
$3,515
Mortgage P&I
129%
$2,504
Property Taxes
9%
$175
Home Insurance
9%
$175
HOA
0%
$0
Property Management
12%
$233
CapEx
4%
$78
Vacancy
3%
$58
Maintenance
4%
$78
Other
11%
$214