This property looks like a bad Mid-Term investment with a projected -7.36% first-year return on $121k initial cash invested.
-7.36%
Cash On Cash
4.97%
Cap Rate
0.77
DSCR
$3,244
Rent
-$741
Cashflow
Cash Flow
$3,244 income − $3,985 expenses = $741 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,244
Total Expenses
$3,985
Mortgage P&I
81%
$2,640
Property Taxes
2%
$70
Home Insurance
5%
$172
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357