This property looks like a bad Mid-Term investment with a projected -13.79% first-year return on $123k initial cash invested.
-13.79%
Cash On Cash
3.06%
Cap Rate
0.49
DSCR
$2,688
Rent
-$1,413
Cashflow
Cash Flow
$2,688 income − $4,101 expenses = $1,413 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,688
Total Expenses
$4,101
Mortgage P&I
96%
$2,582
Property Taxes
16%
$428
Home Insurance
7%
$175
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296