This property looks like a bad Mid-Term investment with a projected -6.35% first-year return on $122k initial cash invested.
-6.35%
Cash On Cash
5.47%
Cap Rate
0.82
DSCR
$4,008
Rent
-$647
Cashflow
Cash Flow
$4,008 income − $4,655 expenses = $647 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,380
Closing costs
1%
$4,969
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,008
Total Expenses
$4,655
Mortgage P&I
69%
$2,753
Property Taxes
8%
$319
Home Insurance
4%
$175
HOA
1%
$46
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441