This property looks like a bad Mid-Term investment with a projected -6.21% first-year return on $121k initial cash invested.
-6.21%
Cash On Cash
5.37%
Cap Rate
0.83
DSCR
$4,209
Rent
-$625
Cashflow
Cash Flow
$4,209 income − $4,834 expenses = $625 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,900
Closing costs
1%
$4,895
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,209
Total Expenses
$4,834
Mortgage P&I
63%
$2,648
Property Taxes
14%
$581
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463