This property looks like a bad Mid-Term investment with a projected -4.36% first-year return on $122k initial cash invested.
-4.36%
Cash On Cash
5.73%
Cap Rate
0.9
DSCR
$4,162
Rent
-$442
Cashflow
Cash Flow
$4,162 income − $4,604 expenses = $442 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,640
Closing costs
1%
$4,932
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,162
Total Expenses
$4,604
Mortgage P&I
63%
$2,631
Property Taxes
7%
$311
Home Insurance
5%
$210
HOA
1%
$38
Property Management
12%
$499
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$458