This property looks like a bad Mid-Term investment with a projected -17.09% first-year return on $123k initial cash invested.
-17.09%
Cash On Cash
2.19%
Cap Rate
0.35
DSCR
$1,698
Rent
-$1,752
Cashflow
Cash Flow
$1,698 income − $3,450 expenses = $1,752 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,698
Total Expenses
$3,450
Mortgage P&I
153%
$2,597
Property Taxes
6%
$100
Home Insurance
10%
$175
HOA
0%
$0
Property Management
12%
$204
CapEx
4%
$68
Vacancy
3%
$51
Maintenance
4%
$68
Other
11%
$187