This property looks like a bad Mid-Term investment with a projected -11.84% first-year return on $123k initial cash invested.
-11.84%
Cash On Cash
4.01%
Cap Rate
0.61
DSCR
$3,166
Rent
-$1,213
Cashflow
Cash Flow
$3,166 income − $4,379 expenses = $1,213 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,166
Total Expenses
$4,379
Mortgage P&I
87%
$2,756
Property Taxes
12%
$371
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$348