This property looks like a bad Mid-Term investment with a projected -8.66% first-year return on $121k initial cash invested.
-8.66%
Cash On Cash
4.74%
Cap Rate
0.72
DSCR
$3,124
Rent
-$872
Cashflow
Cash Flow
$3,124 income − $3,996 expenses = $872 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,124
Total Expenses
$3,996
Mortgage P&I
86%
$2,683
Property Taxes
3%
$78
Home Insurance
6%
$172
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344