This property looks like a bad Mid-Term investment with a projected -11.25% first-year return on $123k initial cash invested.
-11.25%
Cash On Cash
3.58%
Cap Rate
0.59
DSCR
$2,652
Rent
-$1,153
Cashflow
Cash Flow
$2,652 income − $3,805 expenses = $1,153 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,652
Total Expenses
$3,805
Mortgage P&I
96%
$2,540
Property Taxes
7%
$188
Home Insurance
7%
$175
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292