This property looks like a bad Mid-Term investment with a projected -11.67% first-year return on $121k initial cash invested.
-11.67%
Cash On Cash
3.81%
Cap Rate
0.6
DSCR
$3,084
Rent
-$1,176
Cashflow
Cash Flow
$3,084 income − $4,260 expenses = $1,176 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,084
Total Expenses
$4,260
Mortgage P&I
85%
$2,608
Property Taxes
14%
$432
Home Insurance
6%
$172
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$93
Maintenance
4%
$123
Other
11%
$339