This property looks like a bad Mid-Term investment with a projected -18.24% first-year return on $121k initial cash invested.
-18.24%
Cash On Cash
2.61%
Cap Rate
0.38
DSCR
$1,874
Rent
-$1,834
Cashflow
Cash Flow
$1,874 income − $3,708 expenses = $1,834 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,874
Total Expenses
$3,708
Mortgage P&I
151%
$2,823
Property Taxes
4%
$77
Home Insurance
9%
$171
HOA
0%
$0
Property Management
12%
$225
CapEx
4%
$75
Vacancy
3%
$56
Maintenance
4%
$75
Other
11%
$206