This property looks like a bad Mid-Term investment with a projected -10.32% first-year return on $123k initial cash invested.
-10.32%
Cash On Cash
4.34%
Cap Rate
0.66
DSCR
$3,608
Rent
-$1,058
Cashflow
Cash Flow
$3,608 income − $4,666 expenses = $1,058 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,608
Total Expenses
$4,666
Mortgage P&I
75%
$2,723
Property Taxes
15%
$542
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397