This property looks like a bad Mid-Term investment with a projected -4.65% first-year return on $122k initial cash invested.
-4.65%
Cash On Cash
5.59%
Cap Rate
0.88
DSCR
$3,884
Rent
-$473
Cashflow
Cash Flow
$3,884 income − $4,357 expenses = $473 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,884
Total Expenses
$4,357
Mortgage P&I
68%
$2,622
Property Taxes
6%
$217
Home Insurance
4%
$173
HOA
1%
$25
Property Management
12%
$466
CapEx
4%
$155
Vacancy
3%
$117
Maintenance
4%
$155
Other
11%
$427