This property looks like a bad Mid-Term investment with a projected -4.69% first-year return on $122k initial cash invested.
-4.69%
Cash On Cash
5.87%
Cap Rate
0.89
DSCR
$4,312
Rent
-$475
Cashflow
Cash Flow
$4,312 income − $4,787 expenses = $475 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,720
Closing costs
1%
$4,936
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,312
Total Expenses
$4,787
Mortgage P&I
63%
$2,717
Property Taxes
10%
$415
Home Insurance
4%
$191
HOA
0%
$0
Property Management
12%
$517
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$474