This property looks like a bad Mid-Term investment with a projected -4.34% first-year return on $121k initial cash invested.
-4.34%
Cash On Cash
5.95%
Cap Rate
0.9
DSCR
$3,918
Rent
-$438
Cashflow
Cash Flow
$3,918 income − $4,356 expenses = $438 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,918
Total Expenses
$4,356
Mortgage P&I
69%
$2,716
Property Taxes
3%
$135
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$470
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$431