This property looks like a bad Mid-Term investment with a projected -5.91% first-year return on $122k initial cash invested.
-5.91%
Cash On Cash
5.51%
Cap Rate
0.84
DSCR
$3,986
Rent
-$603
Cashflow
Cash Flow
$3,986 income − $4,589 expenses = $603 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,420
Closing costs
1%
$4,971
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,986
Total Expenses
$4,589
Mortgage P&I
68%
$2,727
Property Taxes
8%
$300
Home Insurance
4%
$177
HOA
1%
$31
Property Management
12%
$478
CapEx
4%
$159
Vacancy
3%
$120
Maintenance
4%
$159
Other
11%
$438