This property looks like a bad Mid-Term investment with a projected -8.66% first-year return on $122k initial cash invested.
-8.66%
Cash On Cash
4.95%
Cap Rate
0.74
DSCR
$4,220
Rent
-$877
Cashflow
Cash Flow
$4,220 income − $5,097 expenses = $877 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,600
Closing costs
1%
$4,930
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,220
Total Expenses
$5,097
Mortgage P&I
65%
$2,743
Property Taxes
18%
$744
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$464