This property looks like a bad Mid-Term investment with a projected -4.04% first-year return on $121k initial cash invested.
-4.04%
Cash On Cash
5.51%
Cap Rate
0.91
DSCR
$4,581
Rent
-$408
Cashflow
Cash Flow
$4,581 income − $4,989 expenses = $408 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,581
Total Expenses
$4,989
Mortgage P&I
54%
$2,480
Property Taxes
17%
$778
Home Insurance
4%
$174
HOA
0%
$0
Property Management
12%
$550
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$504