This property looks like a bad Mid-Term investment with a projected -3.52% first-year return on $121k initial cash invested.
-3.52%
Cash On Cash
6.13%
Cap Rate
0.94
DSCR
$4,785
Rent
-$355
Cashflow
Cash Flow
$4,785 income − $5,140 expenses = $355 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,040
Closing costs
1%
$4,902
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,785
Total Expenses
$5,140
Mortgage P&I
56%
$2,669
Property Taxes
14%
$673
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$574
CapEx
4%
$191
Vacancy
3%
$144
Maintenance
4%
$191
Other
11%
$526