This property looks like a bad Mid-Term investment with a projected -4.23% first-year return on $122k initial cash invested.
-4.23%
Cash On Cash
6.1%
Cap Rate
0.91
DSCR
$4,424
Rent
-$431
Cashflow
Cash Flow
$4,424 income − $4,855 expenses = $431 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,400
Closing costs
1%
$4,970
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,424
Total Expenses
$4,855
Mortgage P&I
63%
$2,780
Property Taxes
9%
$413
Home Insurance
4%
$157
HOA
0%
$0
Property Management
12%
$531
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$487