This property looks like a bad Mid-Term investment with a projected -6.83% first-year return on $122k initial cash invested.
-6.83%
Cash On Cash
5.37%
Cap Rate
0.81
DSCR
$4,122
Rent
-$695
Cashflow
Cash Flow
$4,122 income − $4,817 expenses = $695 out of pocket
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,200
Closing costs
1%
$4,960
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,122
Total Expenses
$4,817
Mortgage P&I
67%
$2,751
Property Taxes
12%
$496
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$495
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$453