This property looks like a bad Mid-Term investment with a projected -2.36% first-year return on $122k initial cash invested.
-2.36%
Cash On Cash
5.96%
Cap Rate
0.98
DSCR
$4,446
Rent
-$240
Cashflow
Cash Flow
$4,446 income − $4,686 expenses = $240 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,320
Closing costs
1%
$4,966
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,446
Total Expenses
$4,686
Mortgage P&I
57%
$2,527
Property Taxes
11%
$472
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$534
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$489