This property looks like a bad Mid-Term investment with a projected -3% first-year return on $121k initial cash invested.
-3%
Cash On Cash
5.83%
Cap Rate
0.94
DSCR
$4,026
Rent
-$302
Cashflow
Cash Flow
$4,026 income − $4,328 expenses = $302 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.7%
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
$4,026
Total Expenses
$4,328
Mortgage P&I
63%
$2,521
Property Taxes
7%
$266
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$483
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$443