This property looks like a bad Mid-Term investment with a projected -8.7% first-year return on $121k initial cash invested.
-8.7%
Cash On Cash
4.69%
Cap Rate
0.72
DSCR
$3,634
Rent
-$877
Cashflow
Cash Flow
$3,634 income − $4,511 expenses = $877 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,634
Total Expenses
$4,511
Mortgage P&I
73%
$2,647
Property Taxes
13%
$457
Home Insurance
5%
$172
HOA
0%
$0
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400