This property looks like a bad Mid-Term investment with a projected -1.08% first-year return on $121k initial cash invested.
-1.08%
Cash On Cash
6.67%
Cap Rate
1.04
DSCR
$5,170
Rent
-$109
Cashflow
Cash Flow
$5,170 income − $5,279 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,200
Closing costs
1%
$4,910
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,170
Total Expenses
$5,279
Mortgage P&I
51%
$2,632
Property Taxes
13%
$670
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$569