This property looks like a bad Mid-Term investment with a projected -0.54% first-year return on $121k initial cash invested.
-0.54%
Cash On Cash
6.41%
Cap Rate
1.05
DSCR
$4,500
Rent
-$54
Cashflow
Cash Flow
$4,500 income − $4,554 expenses = $54 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.6%
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
$4,500
Total Expenses
$4,554
Mortgage P&I
55%
$2,492
Property Taxes
8%
$360
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$540
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$495