This property looks like a bad Mid-Term investment with a projected -11.18% first-year return on $121k initial cash invested.
-11.18%
Cash On Cash
4.21%
Cap Rate
0.63
DSCR
$3,458
Rent
-$1,125
Cashflow
Cash Flow
$3,458 income − $4,583 expenses = $1,125 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%
$97,900
Closing costs
1%
$4,895
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,458
Total Expenses
$4,583
Mortgage P&I
78%
$2,704
Property Taxes
16%
$538
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380