This property looks like a bad Mid-Term investment with a projected -9.47% first-year return on $122k initial cash invested.
-9.47%
Cash On Cash
4.66%
Cap Rate
0.71
DSCR
$4,152
Rent
-$962
Cashflow
Cash Flow
$4,152 income − $5,114 expenses = $962 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,152
Total Expenses
$5,114
Mortgage P&I
65%
$2,719
Property Taxes
20%
$810
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$498
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$457