This property looks like a bad Mid-Term investment with a projected -5.56% first-year return on $122k initial cash invested.
-5.56%
Cash On Cash
5.42%
Cap Rate
0.85
DSCR
$4,108
Rent
-$567
Cashflow
Cash Flow
$4,108 income − $4,675 expenses = $567 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,360
Closing costs
1%
$4,968
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,108
Total Expenses
$4,675
Mortgage P&I
64%
$2,647
Property Taxes
11%
$464
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$493
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$452