This property looks like a bad Mid-Term investment with a projected -14.46% first-year return on $121k initial cash invested.
-14.46%
Cash On Cash
3.5%
Cap Rate
0.52
DSCR
$2,974
Rent
-$1,453
Cashflow
Cash Flow
$2,974 income − $4,427 expenses = $1,453 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,680
Closing costs
1%
$4,884
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,974
Total Expenses
$4,427
Mortgage P&I
93%
$2,758
Property Taxes
22%
$656
Home Insurance
0%
$2
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327