This property looks like a bad Mid-Term investment with a projected -5.08% first-year return on $122k initial cash invested.
-5.08%
Cash On Cash
5.59%
Cap Rate
0.87
DSCR
$3,963
Rent
-$517
Cashflow
Cash Flow
$3,963 income − $4,480 expenses = $517 out of pocket
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,240
Closing costs
1%
$4,962
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,963
Total Expenses
$4,480
Mortgage P&I
67%
$2,669
Property Taxes
7%
$284
Home Insurance
4%
$178
HOA
0%
$0
Property Management
12%
$476
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$436