This property looks like a bad Mid-Term investment with a projected -7.39% first-year return on $122k initial cash invested.
-7.39%
Cash On Cash
5.15%
Cap Rate
0.78
DSCR
$4,047
Rent
-$753
Cashflow
Cash Flow
$4,047 income − $4,800 expenses = $753 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,380
Closing costs
1%
$4,969
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,047
Total Expenses
$4,800
Mortgage P&I
67%
$2,725
Property Taxes
13%
$519
Home Insurance
4%
$180
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445