This property looks like a bad Mid-Term investment with a projected -6.38% first-year return on $122k initial cash invested.
-6.38%
Cash On Cash
5.04%
Cap Rate
0.8
DSCR
$3,472
Rent
-$648
Cashflow
Cash Flow
$3,472 income − $4,120 expenses = $648 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,472
Total Expenses
$4,120
Mortgage P&I
75%
$2,588
Property Taxes
5%
$178
Home Insurance
5%
$173
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382