This property looks like a bad Mid-Term investment with a projected -14.23% first-year return on $121k initial cash invested.
-14.23%
Cash On Cash
3.33%
Cap Rate
0.51
DSCR
$2,630
Rent
-$1,435
Cashflow
Cash Flow
$2,630 income − $4,065 expenses = $1,435 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,120
Closing costs
1%
$4,906
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,630
Total Expenses
$4,065
Mortgage P&I
102%
$2,690
Property Taxes
11%
$282
Home Insurance
8%
$199
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289