This property looks like a bad Mid-Term investment with a projected -14.06% first-year return on $123k initial cash invested.
-14.06%
Cash On Cash
2.98%
Cap Rate
0.48
DSCR
$2,520
Rent
-$1,439
Cashflow
Cash Flow
$2,520 income − $3,959 expenses = $1,439 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
$2,520
Total Expenses
$3,959
Mortgage P&I
102%
$2,577
Property Taxes
14%
$350
Home Insurance
7%
$175
HOA
0%
$0
Property Management
12%
$302
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$277