This property looks like a bad Mid-Term investment with a projected -6.02% first-year return on $121k initial cash invested.
-6.02%
Cash On Cash
5.03%
Cap Rate
0.82
DSCR
$3,783
Rent
-$606
Cashflow
Cash Flow
$3,783 income − $4,389 expenses = $606 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,783
Total Expenses
$4,389
Mortgage P&I
66%
$2,510
Property Taxes
10%
$389
Home Insurance
5%
$172
HOA
1%
$33
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416