This property looks like a bad Mid-Term investment with a projected -8.15% first-year return on $122k initial cash invested.
-8.15%
Cash On Cash
4.88%
Cap Rate
0.74
DSCR
$3,207
Rent
-$828
Cashflow
Cash Flow
$3,207 income − $4,035 expenses = $828 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
$3,207
Total Expenses
$4,035
Mortgage P&I
85%
$2,711
Property Taxes
2%
$61
Home Insurance
5%
$173
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353