This property looks like a bad Mid-Term investment with a projected -8.9% first-year return on $122k initial cash invested.
-8.9%
Cash On Cash
4.56%
Cap Rate
0.71
DSCR
$3,264
Rent
-$906
Cashflow
Cash Flow
$3,264 income − $4,170 expenses = $906 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%
$99,160
Closing costs
1%
$4,958
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,264
Total Expenses
$4,170
Mortgage P&I
81%
$2,659
Property Taxes
7%
$225
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359