This property looks like a bad Mid-Term investment with a projected -16.32% first-year return on $122k initial cash invested.
-16.32%
Cash On Cash
2.78%
Cap Rate
0.42
DSCR
$2,030
Rent
-$1,659
Cashflow
Cash Flow
$2,030 income − $3,689 expenses = $1,659 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,030
Total Expenses
$3,689
Mortgage P&I
134%
$2,724
Property Taxes
5%
$102
Home Insurance
9%
$173
HOA
0%
$0
Property Management
12%
$244
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$223