This property looks like a bad Mid-Term investment with a projected -17.39% first-year return on $123k initial cash invested.
-17.39%
Cash On Cash
2.05%
Cap Rate
0.33
DSCR
$1,830
Rent
-$1,782
Cashflow
Cash Flow
$1,830 income − $3,612 expenses = $1,782 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,830
Total Expenses
$3,612
Mortgage P&I
140%
$2,564
Property Taxes
14%
$251
Home Insurance
10%
$175
HOA
0%
$0
Property Management
12%
$220
CapEx
4%
$73
Vacancy
3%
$55
Maintenance
4%
$73
Other
11%
$201