This property looks like a bad Mid-Term investment with a projected -12.13% first-year return on $123k initial cash invested.
-12.13%
Cash On Cash
3.67%
Cap Rate
0.58
DSCR
$2,852
Rent
-$1,242
Cashflow
Cash Flow
$2,852 income − $4,094 expenses = $1,242 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,860
Closing costs
1%
$4,993
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,852
Total Expenses
$4,094
Mortgage P&I
93%
$2,657
Property Taxes
10%
$289
Home Insurance
6%
$178
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314