This property looks like a bad Mid-Term investment with a projected -1.13% first-year return on $122k initial cash invested.
-1.13%
Cash On Cash
6.78%
Cap Rate
1.02
DSCR
$4,294
Rent
-$115
Cashflow
Cash Flow
$4,294 income − $4,409 expenses = $115 out of pocket
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,240
Closing costs
1%
$4,962
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,294
Total Expenses
$4,409
Mortgage P&I
64%
$2,747
Property Taxes
1%
$27
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$515
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$472