This property looks like a bad Mid-Term investment with a projected -12.15% first-year return on $122k initial cash invested.
-12.15%
Cash On Cash
3.92%
Cap Rate
0.59
DSCR
$3,075
Rent
-$1,239
Cashflow
Cash Flow
$3,075 income − $4,314 expenses = $1,239 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%
$99,400
Closing costs
1%
$4,970
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,075
Total Expenses
$4,314
Mortgage P&I
89%
$2,739
Property Taxes
7%
$212
Home Insurance
5%
$158
HOA
5%
$160
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338