This property looks like a bad Mid-Term investment with a projected -9.24% first-year return on $121k initial cash invested.
-9.24%
Cash On Cash
4.73%
Cap Rate
0.71
DSCR
$3,806
Rent
-$929
Cashflow
Cash Flow
$3,806 income − $4,735 expenses = $929 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,806
Total Expenses
$4,735
Mortgage P&I
71%
$2,705
Property Taxes
15%
$562
Home Insurance
5%
$174
HOA
0%
$0
Property Management
12%
$457
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$419