This property looks like a bad Mid-Term investment with a projected -6.93% first-year return on $121k initial cash invested.
-6.93%
Cash On Cash
4.78%
Cap Rate
0.78
DSCR
$3,526
Rent
-$697
Cashflow
Cash Flow
$3,526 income − $4,223 expenses = $697 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,526
Total Expenses
$4,223
Mortgage P&I
71%
$2,505
Property Taxes
10%
$346
Home Insurance
5%
$173
HOA
0%
$0
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388