This property looks like a bad Mid-Term investment with a projected -10.89% first-year return on $121k initial cash invested.
-10.89%
Cash On Cash
4.13%
Cap Rate
0.64
DSCR
$3,338
Rent
-$1,101
Cashflow
Cash Flow
$3,338 income − $4,439 expenses = $1,101 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,380
Closing costs
1%
$4,919
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,338
Total Expenses
$4,439
Mortgage P&I
80%
$2,662
Property Taxes
14%
$466
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$367