This property looks like a bad Mid-Term investment with a projected -2.43% first-year return on $122k initial cash invested.
-2.43%
Cash On Cash
6.38%
Cap Rate
0.98
DSCR
$4,736
Rent
-$248
Cashflow
Cash Flow
$4,736 income − $4,984 expenses = $248 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,300
Closing costs
1%
$4,965
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,736
Total Expenses
$4,984
Mortgage P&I
57%
$2,697
Property Taxes
11%
$504
Home Insurance
4%
$174
HOA
0%
$0
Property Management
12%
$568
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$521