This property looks like a bad Mid-Term investment with a projected -1.66% first-year return on $121k initial cash invested.
-1.66%
Cash On Cash
6.15%
Cap Rate
1
DSCR
$4,372
Rent
-$167
Cashflow
Cash Flow
$4,372 income − $4,539 expenses = $167 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%
$97,960
Closing costs
1%
$4,898
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,372
Total Expenses
$4,539
Mortgage P&I
57%
$2,502
Property Taxes
9%
$384
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$525
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$481