This property looks like a bad Mid-Term investment with a projected -2.21% first-year return on $123k initial cash invested.
-2.21%
Cash On Cash
6.38%
Cap Rate
0.98
DSCR
$4,635
Rent
-$226
Cashflow
Cash Flow
$4,635 income − $4,861 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,660
Closing costs
1%
$4,983
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,635
Total Expenses
$4,861
Mortgage P&I
58%
$2,691
Property Taxes
9%
$420
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$510