This property looks like a bad Mid-Term investment with a projected -0.39% first-year return on $122k initial cash invested.
-0.39%
Cash On Cash
6.49%
Cap Rate
1.06
DSCR
$4,734
Rent
-$40
Cashflow
Cash Flow
$4,734 income − $4,774 expenses = $40 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,440
Closing costs
1%
$4,972
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,734
Total Expenses
$4,774
Mortgage P&I
54%
$2,538
Property Taxes
8%
$377
Home Insurance
4%
$175
HOA
2%
$75
Property Management
12%
$568
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$521