This property looks like a bad Mid-Term investment with a projected -9.32% first-year return on $122k initial cash invested.
-9.32%
Cash On Cash
4.69%
Cap Rate
0.7
DSCR
$3,405
Rent
-$947
Cashflow
Cash Flow
$3,405 income − $4,352 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,405
Total Expenses
$4,352
Mortgage P&I
81%
$2,746
Property Taxes
8%
$257
Home Insurance
5%
$178
HOA
0%
$13
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375