This property looks like a bad Mid-Term investment with a projected -2.92% first-year return on $122k initial cash invested.
-2.92%
Cash On Cash
5.81%
Cap Rate
0.95
DSCR
$4,328
Rent
-$297
Cashflow
Cash Flow
$4,328 income − $4,625 expenses = $297 out of pocket
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,180
Closing costs
1%
$4,959
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,328
Total Expenses
$4,625
Mortgage P&I
58%
$2,524
Property Taxes
10%
$446
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476