This property looks like a bad Mid-Term investment with a projected -9.19% first-year return on $122k initial cash invested.
-9.19%
Cash On Cash
4.13%
Cap Rate
0.68
DSCR
$3,510
Rent
-$933
Cashflow
Cash Flow
$3,510 income − $4,443 expenses = $933 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,860
Closing costs
1%
$4,943
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,510
Total Expenses
$4,443
Mortgage P&I
71%
$2,493
Property Taxes
15%
$516
Home Insurance
5%
$182
HOA
2%
$60
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386