This property looks like a bad Mid-Term investment with a projected -2.5% first-year return on $122k initial cash invested.
-2.5%
Cash On Cash
6.32%
Cap Rate
0.97
DSCR
$4,503
Rent
-$254
Cashflow
Cash Flow
$4,503 income − $4,757 expenses = $254 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,060
Closing costs
1%
$4,953
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,503
Total Expenses
$4,757
Mortgage P&I
60%
$2,681
Property Taxes
8%
$371
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$540
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$495