This property looks like a bad Mid-Term investment with a projected -5.85% first-year return on $122k initial cash invested.
-5.85%
Cash On Cash
5.62%
Cap Rate
0.84
DSCR
$3,988
Rent
-$592
Cashflow
Cash Flow
$3,988 income − $4,580 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,600
Closing costs
1%
$4,930
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,988
Total Expenses
$4,580
Mortgage P&I
69%
$2,741
Property Taxes
8%
$306
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439