This property looks like a bad Mid-Term investment with a projected -1.61% first-year return on $123k initial cash invested.
-1.61%
Cash On Cash
6.1%
Cap Rate
1
DSCR
$4,095
Rent
-$165
Cashflow
Cash Flow
$4,095 income − $4,260 expenses = $165 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,860
Closing costs
1%
$4,993
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,095
Total Expenses
$4,260
Mortgage P&I
62%
$2,541
Property Taxes
4%
$145
Home Insurance
4%
$182
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450