This property looks like a bad Mid-Term investment with a projected -10.03% first-year return on $122k initial cash invested.
-10.03%
Cash On Cash
3.95%
Cap Rate
0.64
DSCR
$3,044
Rent
-$1,020
Cashflow
Cash Flow
$3,044 income − $4,064 expenses = $1,020 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,060
Closing costs
1%
$4,953
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,044
Total Expenses
$4,064
Mortgage P&I
83%
$2,529
Property Taxes
11%
$325
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335