This property looks like a bad Mid-Term investment with a projected -14.65% first-year return on $122k initial cash invested.
-14.65%
Cash On Cash
3.31%
Cap Rate
0.5
DSCR
$3,146
Rent
-$1,495
Cashflow
Cash Flow
$3,146 income − $4,641 expenses = $1,495 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,460
Closing costs
1%
$4,973
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,146
Total Expenses
$4,641
Mortgage P&I
87%
$2,741
Property Taxes
22%
$685
Home Insurance
5%
$145
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346