This property looks like a bad Mid-Term investment with a projected -4.81% first-year return on $122k initial cash invested.
-4.81%
Cash On Cash
5.46%
Cap Rate
0.88
DSCR
$4,596
Rent
-$489
Cashflow
Cash Flow
$4,596 income − $5,085 expenses = $489 out of pocket
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,160
Closing costs
1%
$4,958
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,596
Total Expenses
$5,085
Mortgage P&I
56%
$2,560
Property Taxes
15%
$692
Home Insurance
4%
$178
HOA
2%
$91
Property Management
12%
$552
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$506