This property looks like a bad Mid-Term investment with a projected -3.2% first-year return on $121k initial cash invested.
-3.2%
Cash On Cash
5.82%
Cap Rate
0.95
DSCR
$4,922
Rent
-$322
Cashflow
Cash Flow
$4,922 income − $5,244 expenses = $322 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,940
Closing costs
1%
$4,897
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,922
Total Expenses
$5,244
Mortgage P&I
51%
$2,500
Property Taxes
18%
$895
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$591
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$541