This property looks like a bad Mid-Term investment with a projected -2.78% first-year return on $122k initial cash invested.
-2.78%
Cash On Cash
6.09%
Cap Rate
0.95
DSCR
$3,850
Rent
-$283
Cashflow
Cash Flow
$3,850 income − $4,133 expenses = $283 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,060
Closing costs
1%
$4,953
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,850
Total Expenses
$4,133
Mortgage P&I
69%
$2,644
Property Taxes
1%
$21
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424