This property looks like a bad Mid-Term investment with a projected -6.22% first-year return on $122k initial cash invested.
-6.22%
Cash On Cash
5.4%
Cap Rate
0.82
DSCR
$3,858
Rent
-$633
Cashflow
Cash Flow
$3,858 income − $4,491 expenses = $633 out of pocket
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,200
Closing costs
1%
$4,960
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,858
Total Expenses
$4,491
Mortgage P&I
70%
$2,711
Property Taxes
8%
$295
Home Insurance
5%
$174
HOA
0%
$0
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424