This property looks like a bad Mid-Term investment with a projected -6.75% first-year return on $121k initial cash invested.
-6.75%
Cash On Cash
5.48%
Cap Rate
0.82
DSCR
$4,460
Rent
-$680
Cashflow
Cash Flow
$4,460 income − $5,140 expenses = $680 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,960
Closing costs
1%
$4,898
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,460
Total Expenses
$5,140
Mortgage P&I
61%
$2,740
Property Taxes
16%
$709
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$535
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$491