This property looks like a bad Mid-Term investment with a projected -7.4% first-year return on $121k initial cash invested.
-7.4%
Cash On Cash
4.99%
Cap Rate
0.78
DSCR
$3,867
Rent
-$745
Cashflow
Cash Flow
$3,867 income − $4,612 expenses = $745 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,867
Total Expenses
$4,612
Mortgage P&I
68%
$2,626
Property Taxes
13%
$499
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$464
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$425