This property looks like a bad Mid-Term investment with a projected -3.3% first-year return on $122k initial cash invested.
-3.3%
Cash On Cash
6.13%
Cap Rate
0.95
DSCR
$4,954
Rent
-$336
Cashflow
Cash Flow
$4,954 income − $5,290 expenses = $336 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,360
Closing costs
1%
$4,968
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,954
Total Expenses
$5,290
Mortgage P&I
54%
$2,675
Property Taxes
10%
$519
Home Insurance
4%
$208
HOA
4%
$204
Property Management
12%
$594
CapEx
4%
$198
Vacancy
3%
$149
Maintenance
4%
$198
Other
11%
$545