This property looks like a bad Mid-Term investment with a projected -5.62% first-year return on $121k initial cash invested.
-5.62%
Cash On Cash
5.18%
Cap Rate
0.84
DSCR
$3,801
Rent
-$565
Cashflow
Cash Flow
$3,801 income − $4,366 expenses = $565 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,801
Total Expenses
$4,366
Mortgage P&I
66%
$2,523
Property Taxes
10%
$376
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418