This property looks like a bad Mid-Term investment with a projected -11.81% first-year return on $122k initial cash invested.
-11.81%
Cash On Cash
3.59%
Cap Rate
0.58
DSCR
$3,298
Rent
-$1,200
Cashflow
Cash Flow
$3,298 income − $4,498 expenses = $1,200 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,298
Total Expenses
$4,498
Mortgage P&I
77%
$2,547
Property Taxes
20%
$656
Home Insurance
5%
$173
HOA
0%
$0
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363