This property looks like a bad Mid-Term investment with a projected -5.74% first-year return on $122k initial cash invested.
-5.74%
Cash On Cash
5.51%
Cap Rate
0.85
DSCR
$4,176
Rent
-$583
Cashflow
Cash Flow
$4,176 income − $4,759 expenses = $583 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,176
Total Expenses
$4,759
Mortgage P&I
64%
$2,689
Property Taxes
11%
$478
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$501
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$459