This property looks like a bad Mid-Term investment with a projected -4.75% first-year return on $121k initial cash invested.
-4.75%
Cash On Cash
5.67%
Cap Rate
0.88
DSCR
$4,232
Rent
-$480
Cashflow
Cash Flow
$4,232 income − $4,712 expenses = $480 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,460
Closing costs
1%
$4,923
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,232
Total Expenses
$4,712
Mortgage P&I
62%
$2,639
Property Taxes
9%
$387
Home Insurance
4%
$172
HOA
2%
$75
Property Management
12%
$508
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$466