This property looks like a bad Mid-Term investment with a projected -7.19% first-year return on $122k initial cash invested.
-7.19%
Cash On Cash
5.1%
Cap Rate
0.79
DSCR
$3,915
Rent
-$731
Cashflow
Cash Flow
$3,915 income − $4,646 expenses = $731 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%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,915
Total Expenses
$4,646
Mortgage P&I
68%
$2,679
Property Taxes
12%
$462
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$470
CapEx
4%
$157
Vacancy
3%
$117
Maintenance
4%
$157
Other
11%
$431