This property looks like a bad Mid-Term investment with a projected -3.57% first-year return on $121k initial cash invested.
-3.57%
Cash On Cash
6.19%
Cap Rate
0.94
DSCR
$4,694
Rent
-$359
Cashflow
Cash Flow
$4,694 income − $5,053 expenses = $359 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,694
Total Expenses
$5,053
Mortgage P&I
57%
$2,695
Property Taxes
13%
$591
Home Insurance
4%
$171
HOA
0%
$0
Property Management
12%
$563
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$516