This property looks like a bad Mid-Term investment with a projected -7.92% first-year return on $122k initial cash invested.
-7.92%
Cash On Cash
4.99%
Cap Rate
0.76
DSCR
$3,770
Rent
-$805
Cashflow
Cash Flow
$3,770 income − $4,575 expenses = $805 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%
$98,960
Closing costs
1%
$4,948
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,770
Total Expenses
$4,575
Mortgage P&I
72%
$2,713
Property Taxes
11%
$407
Home Insurance
5%
$173
HOA
0%
$0
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415