This property looks like a bad Mid-Term investment with a projected -7.82% first-year return on $122k initial cash invested.
-7.82%
Cash On Cash
5.18%
Cap Rate
0.78
DSCR
$4,790
Rent
-$797
Cashflow
Cash Flow
$4,790 income − $5,587 expenses = $797 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,300
Closing costs
1%
$4,965
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,790
Total Expenses
$5,587
Mortgage P&I
57%
$2,749
Property Taxes
22%
$1,033
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$575
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$527