This property looks like a bad Mid-Term investment with a projected -8.04% first-year return on $122k initial cash invested.
-8.04%
Cash On Cash
4.95%
Cap Rate
0.76
DSCR
$4,278
Rent
-$816
Cashflow
Cash Flow
$4,278 income − $5,094 expenses = $816 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,900
Closing costs
1%
$4,945
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,278
Total Expenses
$5,094
Mortgage P&I
63%
$2,684
Property Taxes
18%
$772
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$513
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$471