This property looks like a bad Mid-Term investment with a projected -9.9% first-year return on $121k initial cash invested.
-9.9%
Cash On Cash
4.37%
Cap Rate
0.68
DSCR
$3,518
Rent
-$998
Cashflow
Cash Flow
$3,518 income − $4,516 expenses = $998 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,100
Closing costs
1%
$4,905
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,518
Total Expenses
$4,516
Mortgage P&I
75%
$2,644
Property Taxes
14%
$500
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$422
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$387