This property looks like a bad Mid-Term investment with a projected -8.22% first-year return on $123k initial cash invested.
-8.22%
Cash On Cash
4.94%
Cap Rate
0.75
DSCR
$3,831
Rent
-$839
Cashflow
Cash Flow
$3,831 income − $4,670 expenses = $839 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,540
Closing costs
1%
$4,977
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,831
Total Expenses
$4,670
Mortgage P&I
71%
$2,736
Property Taxes
12%
$457
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421