This property looks like a bad Mid-Term investment with a projected -7.45% first-year return on $121k initial cash invested.
-7.45%
Cash On Cash
4.89%
Cap Rate
0.77
DSCR
$3,608
Rent
-$754
Cashflow
Cash Flow
$3,608 income − $4,362 expenses = $754 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,500
Closing costs
1%
$4,925
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,608
Total Expenses
$4,362
Mortgage P&I
73%
$2,617
Property Taxes
10%
$347
Home Insurance
5%
$172
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397