This property looks like a bad Mid-Term investment with a projected -3.75% first-year return on $122k initial cash invested.
-3.75%
Cash On Cash
5.53%
Cap Rate
0.91
DSCR
$3,794
Rent
-$381
Cashflow
Cash Flow
$3,794 income − $4,175 expenses = $381 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,794
Total Expenses
$4,175
Mortgage P&I
66%
$2,510
Property Taxes
5%
$202
Home Insurance
5%
$173
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417