This property looks like a bad Mid-Term investment with a projected -5.57% first-year return on $121k initial cash invested.
-5.57%
Cash On Cash
5.27%
Cap Rate
0.85
DSCR
$4,665
Rent
-$563
Cashflow
Cash Flow
$4,665 income − $5,228 expenses = $563 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,420
Closing costs
1%
$4,921
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,665
Total Expenses
$5,228
Mortgage P&I
54%
$2,537
Property Taxes
20%
$933
Home Insurance
4%
$171
HOA
0%
$0
Property Management
12%
$560
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$513