This property looks like a bad Mid-Term investment with a projected -12.58% first-year return on $122k initial cash invested.
-12.58%
Cash On Cash
3.91%
Cap Rate
0.58
DSCR
$2,930
Rent
-$1,278
Cashflow
Cash Flow
$2,930 income − $4,208 expenses = $1,278 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,930
Total Expenses
$4,208
Mortgage P&I
95%
$2,775
Property Taxes
9%
$264
Home Insurance
6%
$173
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322