This property looks like a bad Mid-Term investment with a projected -4.58% first-year return on $121k initial cash invested.
-4.58%
Cash On Cash
5.85%
Cap Rate
0.89
DSCR
$4,131
Rent
-$461
Cashflow
Cash Flow
$4,131 income − $4,592 expenses = $461 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%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,131
Total Expenses
$4,592
Mortgage P&I
65%
$2,680
Property Taxes
8%
$337
Home Insurance
4%
$171
HOA
0%
$0
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454