This property looks like a bad Mid-Term investment with a projected -12.76% first-year return on $123k initial cash invested.
-12.76%
Cash On Cash
3.79%
Cap Rate
0.58
DSCR
$3,615
Rent
-$1,309
Cashflow
Cash Flow
$3,615 income − $4,924 expenses = $1,309 out of pocket
Investment Breakdown
|
Purchase Price
$501k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100k
Closing costs
1%
$5,007
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,615
Total Expenses
$4,924
Mortgage P&I
76%
$2,747
Property Taxes
21%
$746
Home Insurance
6%
$201
HOA
0%
$0
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$108
Maintenance
4%
$145
Other
11%
$398