This property looks like a bad Mid-Term investment with a projected -6.62% first-year return on $121k initial cash invested.
-6.62%
Cash On Cash
5.35%
Cap Rate
0.81
DSCR
$3,836
Rent
-$667
Cashflow
Cash Flow
$3,836 income − $4,503 expenses = $667 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,836
Total Expenses
$4,503
Mortgage P&I
70%
$2,699
Property Taxes
9%
$329
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$422