This property looks like a bad Mid-Term investment with a projected -8.57% first-year return on $121k initial cash invested.
-8.57%
Cash On Cash
4.38%
Cap Rate
0.71
DSCR
$3,202
Rent
-$866
Cashflow
Cash Flow
$3,202 income − $4,068 expenses = $866 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,280
Closing costs
1%
$4,914
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,202
Total Expenses
$4,068
Mortgage P&I
79%
$2,532
Property Taxes
9%
$290
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352