This property looks like a bad Mid-Term investment with a projected -2.33% first-year return on $122k initial cash invested.
-2.33%
Cash On Cash
6.42%
Cap Rate
0.98
DSCR
$4,530
Rent
-$237
Cashflow
Cash Flow
$4,530 income − $4,767 expenses = $237 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,530
Total Expenses
$4,767
Mortgage P&I
60%
$2,704
Property Taxes
8%
$350
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$544
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$498