This property looks like a bad Mid-Term investment with a projected -13.37% first-year return on $121k initial cash invested.
-13.37%
Cash On Cash
3.13%
Cap Rate
0.5
DSCR
$2,319
Rent
-$1,351
Cashflow
Cash Flow
$2,319 income − $3,670 expenses = $1,351 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,300
Closing costs
1%
$4,915
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,319
Total Expenses
$3,670
Mortgage P&I
110%
$2,540
Property Taxes
6%
$131
Home Insurance
9%
$210
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$255