This property looks like a bad Mid-Term investment with a projected -2.28% first-year return on $122k initial cash invested.
-2.28%
Cash On Cash
6%
Cap Rate
0.97
DSCR
$4,101
Rent
-$231
Cashflow
Cash Flow
$4,101 income − $4,332 expenses = $231 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,720
Closing costs
1%
$4,936
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,101
Total Expenses
$4,332
Mortgage P&I
62%
$2,534
Property Taxes
5%
$196
Home Insurance
4%
$175
HOA
1%
$33
Property Management
12%
$492
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$451