This property looks like a bad Mid-Term investment with a projected -1.6% first-year return on $122k initial cash invested.
-1.6%
Cash On Cash
6.37%
Cap Rate
1.01
DSCR
$4,432
Rent
-$163
Cashflow
Cash Flow
$4,432 income − $4,595 expenses = $163 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
6.9%
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
$4,432
Total Expenses
$4,595
Mortgage P&I
59%
$2,622
Property Taxes
7%
$291
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$532
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$488