This property looks like a bad Mid-Term investment with a projected -11.98% first-year return on $123k initial cash invested.
-11.98%
Cash On Cash
3.9%
Cap Rate
0.59
DSCR
$2,730
Rent
-$1,229
Cashflow
Cash Flow
$2,730 income − $3,959 expenses = $1,229 out of pocket
Investment Breakdown
|
Purchase Price
$501k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100k
Closing costs
1%
$5,006
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,730
Total Expenses
$3,959
Mortgage P&I
101%
$2,749
Property Taxes
3%
$95
Home Insurance
7%
$187
HOA
0%
$0
Property Management
12%
$328
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300