This property looks like a bad Mid-Term investment with a projected -5.56% first-year return on $122k initial cash invested.
-5.56%
Cash On Cash
5.46%
Cap Rate
0.85
DSCR
$4,086
Rent
-$567
Cashflow
Cash Flow
$4,086 income − $4,653 expenses = $567 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,400
Closing costs
1%
$4,970
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,086
Total Expenses
$4,653
Mortgage P&I
65%
$2,665
Property Taxes
10%
$425
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$490
CapEx
4%
$163
Vacancy
3%
$123
Maintenance
4%
$163
Other
11%
$449