This property looks like a bad Mid-Term investment with a projected -2.83% first-year return on $122k initial cash invested.
-2.83%
Cash On Cash
6.34%
Cap Rate
0.96
DSCR
$4,630
Rent
-$288
Cashflow
Cash Flow
$4,630 income − $4,918 expenses = $288 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
$4,630
Total Expenses
$4,918
Mortgage P&I
59%
$2,717
Property Taxes
10%
$454
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$509