This property looks like a bad Mid-Term investment with a projected -3.72% first-year return on $122k initial cash invested.
-3.72%
Cash On Cash
6.02%
Cap Rate
0.92
DSCR
$4,248
Rent
-$378
Cashflow
Cash Flow
$4,248 income − $4,626 expenses = $378 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,900
Closing costs
1%
$4,945
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,248
Total Expenses
$4,626
Mortgage P&I
63%
$2,687
Property Taxes
7%
$293
Home Insurance
4%
$175
HOA
1%
$27
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467