This property looks like a bad Mid-Term investment with a projected -3.4% first-year return on $122k initial cash invested.
-3.4%
Cash On Cash
6.2%
Cap Rate
0.93
DSCR
$4,108
Rent
-$345
Cashflow
Cash Flow
$4,108 income − $4,453 expenses = $345 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,960
Closing costs
1%
$4,948
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,108
Total Expenses
$4,453
Mortgage P&I
67%
$2,739
Property Taxes
3%
$134
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$493
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$452