This property looks like a bad Mid-Term investment with a projected -7.29% first-year return on $122k initial cash invested.
-7.29%
Cash On Cash
4.59%
Cap Rate
0.76
DSCR
$3,303
Rent
-$741
Cashflow
Cash Flow
$3,303 income − $4,044 expenses = $741 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,303
Total Expenses
$4,044
Mortgage P&I
76%
$2,503
Property Taxes
7%
$246
Home Insurance
5%
$173
HOA
0%
$0
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363