This property looks like a bad Mid-Term investment with a projected -3.92% first-year return on $121k initial cash invested.
-3.92%
Cash On Cash
5.52%
Cap Rate
0.91
DSCR
$4,040
Rent
-$395
Cashflow
Cash Flow
$4,040 income − $4,435 expenses = $395 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,940
Closing costs
1%
$4,897
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,040
Total Expenses
$4,435
Mortgage P&I
61%
$2,484
Property Taxes
10%
$405
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$444