This property looks like a bad Mid-Term investment with a projected -5.37% first-year return on $121k initial cash invested.
-5.37%
Cash On Cash
5.5%
Cap Rate
0.86
DSCR
$4,134
Rent
-$540
Cashflow
Cash Flow
$4,134 income − $4,674 expenses = $540 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
$4,134
Total Expenses
$4,674
Mortgage P&I
63%
$2,617
Property Taxes
12%
$481
Home Insurance
4%
$171
HOA
0%
$0
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$455