This property looks like a bad Mid-Term investment with a projected -7.7% first-year return on $122k initial cash invested.
-7.7%
Cash On Cash
4.8%
Cap Rate
0.75
DSCR
$3,304
Rent
-$784
Cashflow
Cash Flow
$3,304 income − $4,088 expenses = $784 out of pocket
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,180
Closing costs
1%
$4,959
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,304
Total Expenses
$4,088
Mortgage P&I
80%
$2,636
Property Taxes
3%
$95
Home Insurance
6%
$210
HOA
1%
$25
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363