This property looks like a bad Mid-Term investment with a projected -13.85% first-year return on $123k initial cash invested.
-13.85%
Cash On Cash
2.91%
Cap Rate
0.48
DSCR
$2,062
Rent
-$1,419
Cashflow
Cash Flow
$2,062 income − $3,481 expenses = $1,419 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
$2,062
Total Expenses
$3,481
Mortgage P&I
124%
$2,549
Property Taxes
3%
$57
Home Insurance
8%
$175
HOA
0%
$0
Property Management
12%
$247
CapEx
4%
$82
Vacancy
3%
$62
Maintenance
4%
$82
Other
11%
$227