This property looks like a bad Mid-Term investment with a projected -1.81% first-year return on $122k initial cash invested.
-1.81%
Cash On Cash
6.7%
Cap Rate
1
DSCR
$4,824
Rent
-$184
Cashflow
Cash Flow
$4,824 income − $5,008 expenses = $184 out of pocket
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,280
Closing costs
1%
$4,964
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,824
Total Expenses
$5,008
Mortgage P&I
57%
$2,763
Property Taxes
9%
$429
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$579
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$531