This property looks like a bad Mid-Term investment with a projected -11.66% first-year return on $121k initial cash invested.
-11.66%
Cash On Cash
3.92%
Cap Rate
0.61
DSCR
$3,783
Rent
-$1,180
Cashflow
Cash Flow
$3,783 income − $4,963 expenses = $1,180 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%
$98,480
Closing costs
1%
$4,924
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,783
Total Expenses
$4,963
Mortgage P&I
70%
$2,636
Property Taxes
23%
$879
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416