This property looks like a bad Mid-Term investment with a projected -9.46% first-year return on $121k initial cash invested.
-9.46%
Cash On Cash
4.55%
Cap Rate
0.7
DSCR
$3,724
Rent
-$950
Cashflow
Cash Flow
$3,724 income − $4,674 expenses = $950 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,640
Closing costs
1%
$4,882
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,724
Total Expenses
$4,674
Mortgage P&I
71%
$2,652
Property Taxes
16%
$585
Home Insurance
5%
$170
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410