This property looks like a bad Mid-Term investment with a projected -5.77% first-year return on $121k initial cash invested.
-5.77%
Cash On Cash
5.47%
Cap Rate
0.85
DSCR
$4,599
Rent
-$583
Cashflow
Cash Flow
$4,599 income − $5,182 expenses = $583 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,340
Closing costs
1%
$4,917
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,599
Total Expenses
$5,182
Mortgage P&I
57%
$2,639
Property Taxes
17%
$804
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$552
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$506