This property looks like a bad Mid-Term investment with a projected -14.19% first-year return on $123k initial cash invested.
-14.19%
Cash On Cash
3.44%
Cap Rate
0.52
DSCR
$2,914
Rent
-$1,451
Cashflow
Cash Flow
$2,914 income − $4,365 expenses = $1,451 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,700
Closing costs
1%
$4,985
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,914
Total Expenses
$4,365
Mortgage P&I
95%
$2,762
Property Taxes
15%
$431
Home Insurance
6%
$180
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$321