This property looks like a bad Mid-Term investment with a projected -5.7% first-year return on $121k initial cash invested.
-5.7%
Cash On Cash
5.63%
Cap Rate
0.84
DSCR
$3,776
Rent
-$574
Cashflow
Cash Flow
$3,776 income − $4,350 expenses = $574 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,776
Total Expenses
$4,350
Mortgage P&I
72%
$2,721
Property Taxes
5%
$174
Home Insurance
5%
$172
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415