This property looks like a bad Mid-Term investment with a projected -2.9% first-year return on $121k initial cash invested.
-2.9%
Cash On Cash
6.42%
Cap Rate
0.97
DSCR
$4,989
Rent
-$292
Cashflow
Cash Flow
$4,989 income − $5,281 expenses = $292 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,989
Total Expenses
$5,281
Mortgage P&I
54%
$2,713
Property Taxes
14%
$698
Home Insurance
3%
$172
HOA
0%
$0
Property Management
12%
$599
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$549