This property looks like a bad Mid-Term investment with a projected -7.2% first-year return on $123k initial cash invested.
-7.2%
Cash On Cash
4.91%
Cap Rate
0.77
DSCR
$3,582
Rent
-$736
Cashflow
Cash Flow
$3,582 income − $4,318 expenses = $736 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,660
Closing costs
1%
$4,983
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,582
Total Expenses
$4,318
Mortgage P&I
73%
$2,630
Property Taxes
8%
$279
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$394