This property looks like a bad Mid-Term investment with a projected -6.42% first-year return on $121k initial cash invested.
-6.42%
Cash On Cash
5.29%
Cap Rate
0.82
DSCR
$4,222
Rent
-$645
Cashflow
Cash Flow
$4,222 income − $4,867 expenses = $645 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,680
Closing costs
1%
$4,884
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,222
Total Expenses
$4,867
Mortgage P&I
62%
$2,629
Property Taxes
14%
$607
Home Insurance
4%
$172
HOA
1%
$23
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$464