This property looks like a bad Mid-Term investment with a projected -3.52% first-year return on $121k initial cash invested.
-3.52%
Cash On Cash
6.16%
Cap Rate
0.93
DSCR
$4,269
Rent
-$355
Cashflow
Cash Flow
$4,269 income − $4,624 expenses = $355 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%
$98,100
Closing costs
1%
$4,905
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,269
Total Expenses
$4,624
Mortgage P&I
63%
$2,702
Property Taxes
8%
$335
Home Insurance
3%
$135
HOA
0%
$0
Property Management
12%
$512
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470