This property looks like a bad Mid-Term investment with a projected -6.89% first-year return on $121k initial cash invested.
-6.89%
Cash On Cash
5.3%
Cap Rate
0.8
DSCR
$4,138
Rent
-$693
Cashflow
Cash Flow
$4,138 income − $4,831 expenses = $693 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,780
Closing costs
1%
$4,889
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,138
Total Expenses
$4,831
Mortgage P&I
65%
$2,688
Property Taxes
12%
$514
Home Insurance
4%
$175
HOA
1%
$46
Property Management
12%
$497
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$455