This property looks like a bad Mid-Term investment with a projected -15.78% first-year return on $123k initial cash invested.
-15.78%
Cash On Cash
3.05%
Cap Rate
0.46
DSCR
$2,968
Rent
-$1,617
Cashflow
Cash Flow
$2,968 income − $4,585 expenses = $1,617 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,968
Total Expenses
$4,585
Mortgage P&I
93%
$2,767
Property Taxes
21%
$634
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326