This property looks like a bad Mid-Term investment with a projected -9.74% first-year return on $121k initial cash invested.
-9.74%
Cash On Cash
4.29%
Cap Rate
0.67
DSCR
$3,096
Rent
-$983
Cashflow
Cash Flow
$3,096 income − $4,079 expenses = $983 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,200
Closing costs
1%
$4,910
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,096
Total Expenses
$4,079
Mortgage P&I
84%
$2,613
Property Taxes
6%
$171
Home Insurance
8%
$241
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341