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
3.46%
Cap Rate
0.53
DSCR
$2,924
Rent
-$1,419
Cashflow
Cash Flow
$2,924 income − $4,343 expenses = $1,419 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,924
Total Expenses
$4,343
Mortgage P&I
94%
$2,745
Property Taxes
15%
$428
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322