This property looks like a bad Mid-Term investment with a projected -8.81% first-year return on $122k initial cash invested.
-8.81%
Cash On Cash
4.77%
Cap Rate
0.73
DSCR
$3,738
Rent
-$895
Cashflow
Cash Flow
$3,738 income − $4,633 expenses = $895 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,020
Closing costs
1%
$4,951
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,738
Total Expenses
$4,633
Mortgage P&I
73%
$2,715
Property Taxes
13%
$471
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$411