This property looks like a bad Mid-Term investment with a projected -8.78% first-year return on $122k initial cash invested.
-8.78%
Cash On Cash
4.59%
Cap Rate
0.72
DSCR
$3,548
Rent
-$890
Cashflow
Cash Flow
$3,548 income − $4,438 expenses = $890 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,700
Closing costs
1%
$4,935
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,548
Total Expenses
$4,438
Mortgage P&I
74%
$2,637
Property Taxes
11%
$375
Home Insurance
5%
$175
HOA
1%
$45
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390