This property looks like a bad Mid-Term investment with a projected -7.73% first-year return on $122k initial cash invested.
-7.73%
Cash On Cash
4.91%
Cap Rate
0.76
DSCR
$3,778
Rent
-$785
Cashflow
Cash Flow
$3,778 income − $4,563 expenses = $785 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,900
Closing costs
1%
$4,945
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,778
Total Expenses
$4,563
Mortgage P&I
70%
$2,657
Property Taxes
12%
$449
Home Insurance
5%
$173
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416