This property looks like a bad Mid-Term investment with a projected -0.86% first-year return on $121k initial cash invested.
-0.86%
Cash On Cash
6.96%
Cap Rate
1.05
DSCR
$5,259
Rent
-$87
Cashflow
Cash Flow
$5,259 income − $5,346 expenses = $87 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,940
Closing costs
1%
$4,897
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,259
Total Expenses
$5,346
Mortgage P&I
52%
$2,716
Property Taxes
13%
$675
Home Insurance
3%
$168
HOA
0%
$0
Property Management
12%
$631
CapEx
4%
$210
Vacancy
3%
$158
Maintenance
4%
$210
Other
11%
$578