This property looks like a bad Mid-Term investment with a projected -8.36% first-year return on $121k initial cash invested.
-8.36%
Cash On Cash
4.6%
Cap Rate
0.73
DSCR
$3,334
Rent
-$842
Cashflow
Cash Flow
$3,334 income − $4,176 expenses = $842 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,334
Total Expenses
$4,176
Mortgage P&I
78%
$2,586
Property Taxes
9%
$285
Home Insurance
5%
$172
HOA
0%
$0
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$367