This property looks like a bad Mid-Term investment with a projected -9.26% first-year return on $122k initial cash invested.
-9.26%
Cash On Cash
4.58%
Cap Rate
0.7
DSCR
$3,138
Rent
-$941
Cashflow
Cash Flow
$3,138 income − $4,079 expenses = $941 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
$3,138
Total Expenses
$4,079
Mortgage P&I
86%
$2,704
Property Taxes
4%
$134
Home Insurance
6%
$173
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$345