This property looks like a bad Mid-Term investment with a projected -3.88% first-year return on $122k initial cash invested.
-3.88%
Cash On Cash
5.69%
Cap Rate
0.91
DSCR
$4,209
Rent
-$394
Cashflow
Cash Flow
$4,209 income − $4,603 expenses = $394 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,980
Closing costs
1%
$4,949
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,209
Total Expenses
$4,603
Mortgage P&I
61%
$2,572
Property Taxes
10%
$428
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463