This property looks like a bad Mid-Term investment with a projected -6.56% first-year return on $123k initial cash invested.
-6.56%
Cash On Cash
5.34%
Cap Rate
0.81
DSCR
$4,092
Rent
-$670
Cashflow
Cash Flow
$4,092 income − $4,762 expenses = $670 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,540
Closing costs
1%
$4,977
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,092
Total Expenses
$4,762
Mortgage P&I
66%
$2,720
Property Taxes
10%
$420
Home Insurance
4%
$175
HOA
1%
$55
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450