This property looks like a bad Mid-Term investment with a projected -12.26% first-year return on $123k initial cash invested.
-12.26%
Cash On Cash
3.81%
Cap Rate
0.58
DSCR
$2,690
Rent
-$1,255
Cashflow
Cash Flow
$2,690 income − $3,945 expenses = $1,255 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,690
Total Expenses
$3,945
Mortgage P&I
102%
$2,732
Property Taxes
5%
$122
Home Insurance
7%
$175
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296