This property looks like a bad Mid-Term investment with a projected -2.37% first-year return on $122k initial cash invested.
-2.37%
Cash On Cash
6.23%
Cap Rate
0.98
DSCR
$4,522
Rent
-$242
Cashflow
Cash Flow
$4,522 income − $4,764 expenses = $242 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,460
Closing costs
1%
$4,973
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,522
Total Expenses
$4,764
Mortgage P&I
58%
$2,643
Property Taxes
9%
$399
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$543
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$497