This property looks like a bad Mid-Term investment with a projected -0.53% first-year return on $122k initial cash invested.
-0.53%
Cash On Cash
6.72%
Cap Rate
1.05
DSCR
$4,746
Rent
-$54
Cashflow
Cash Flow
$4,746 income − $4,800 expenses = $54 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,780
Closing costs
1%
$4,939
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,746
Total Expenses
$4,800
Mortgage P&I
55%
$2,628
Property Taxes
8%
$383
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$570
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$522