This property looks like a bad Mid-Term investment with a projected -6.72% first-year return on $122k initial cash invested.
-6.72%
Cash On Cash
5.36%
Cap Rate
0.8
DSCR
$3,558
Rent
-$683
Cashflow
Cash Flow
$3,558 income − $4,241 expenses = $683 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,558
Total Expenses
$4,241
Mortgage P&I
77%
$2,754
Property Taxes
3%
$105
Home Insurance
5%
$173
HOA
0%
$0
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391