This property looks like a bad Mid-Term investment with a projected -4.89% first-year return on $122k initial cash invested.
-4.89%
Cash On Cash
5.76%
Cap Rate
0.88
DSCR
$4,071
Rent
-$499
Cashflow
Cash Flow
$4,071 income − $4,570 expenses = $499 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,460
Closing costs
1%
$4,973
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,071
Total Expenses
$4,570
Mortgage P&I
67%
$2,721
Property Taxes
7%
$282
Home Insurance
4%
$180
HOA
0%
$2
Property Management
12%
$489
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$448