This property looks like a bad Mid-Term investment with a projected -9.17% first-year return on $122k initial cash invested.
-9.17%
Cash On Cash
4.76%
Cap Rate
0.72
DSCR
$4,575
Rent
-$935
Cashflow
Cash Flow
$4,575 income − $5,510 expenses = $935 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,400
Closing costs
1%
$4,970
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,575
Total Expenses
$5,510
Mortgage P&I
60%
$2,724
Property Taxes
16%
$722
Home Insurance
4%
$174
HOA
7%
$335
Property Management
12%
$549
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503