This property looks like a bad Mid-Term investment with a projected -6.21% first-year return on $121k initial cash invested.
-6.21%
Cash On Cash
5.33%
Cap Rate
0.82
DSCR
$4,030
Rent
-$625
Cashflow
Cash Flow
$4,030 income − $4,655 expenses = $625 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,030
Total Expenses
$4,655
Mortgage P&I
65%
$2,637
Property Taxes
12%
$477
Home Insurance
4%
$171
HOA
0%
$0
Property Management
12%
$484
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$443