This property looks like a bad Mid-Term investment with a projected -9.61% first-year return on $122k initial cash invested.
-9.61%
Cash On Cash
4.01%
Cap Rate
0.66
DSCR
$2,840
Rent
-$977
Cashflow
Cash Flow
$2,840 income − $3,817 expenses = $977 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,840
Total Expenses
$3,817
Mortgage P&I
89%
$2,518
Property Taxes
6%
$160
Home Insurance
6%
$173
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$312