This property looks like a bad Mid-Term investment with a projected -9.93% first-year return on $123k initial cash invested.
-9.93%
Cash On Cash
4.37%
Cap Rate
0.67
DSCR
$2,914
Rent
-$1,014
Cashflow
Cash Flow
$2,914 income − $3,928 expenses = $1,014 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,560
Closing costs
1%
$4,978
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,914
Total Expenses
$3,928
Mortgage P&I
93%
$2,709
Property Taxes
1%
$43
Home Insurance
6%
$184
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$321