This property looks like a bad Mid-Term investment with a projected -1.65% first-year return on $123k initial cash invested.
-1.65%
Cash On Cash
6.28%
Cap Rate
1
DSCR
$4,202
Rent
-$169
Cashflow
Cash Flow
$4,202 income − $4,371 expenses = $169 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,680
Closing costs
1%
$4,984
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,202
Total Expenses
$4,371
Mortgage P&I
62%
$2,611
Property Taxes
4%
$152
Home Insurance
4%
$180
HOA
0%
$0
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462