This property looks like a bad Mid-Term investment with a projected -6.33% first-year return on $121k initial cash invested.
-6.33%
Cash On Cash
4.88%
Cap Rate
0.81
DSCR
$4,020
Rent
-$636
Cashflow
Cash Flow
$4,020 income − $4,656 expenses = $636 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,620
Closing costs
1%
$4,881
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,020
Total Expenses
$4,656
Mortgage P&I
61%
$2,461
Property Taxes
16%
$655
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442