This property looks like a bad Mid-Term investment with a projected -6.53% first-year return on $121k initial cash invested.
-6.53%
Cash On Cash
4.95%
Cap Rate
0.79
DSCR
$3,380
Rent
-$658
Cashflow
Cash Flow
$3,380 income − $4,038 expenses = $658 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,380
Total Expenses
$4,038
Mortgage P&I
75%
$2,542
Property Taxes
5%
$173
Home Insurance
5%
$174
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$372