This property looks like a bad Mid-Term investment with a projected -6.81% first-year return on $122k initial cash invested.
-6.81%
Cash On Cash
5.03%
Cap Rate
0.79
DSCR
$3,588
Rent
-$692
Cashflow
Cash Flow
$3,588 income − $4,280 expenses = $692 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,588
Total Expenses
$4,280
Mortgage P&I
73%
$2,621
Property Taxes
7%
$264
Home Insurance
5%
$173
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395