This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $122k initial cash invested.
-3.24%
Cash On Cash
6.28%
Cap Rate
0.94
DSCR
$4,328
Rent
-$330
Cashflow
Cash Flow
$4,328 income − $4,658 expenses = $330 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,340
Closing costs
1%
$4,967
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,328
Total Expenses
$4,658
Mortgage P&I
64%
$2,756
Property Taxes
6%
$249
Home Insurance
4%
$182
HOA
0%
$0
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476