This property looks like a bad Mid-Term investment with a projected -12.89% first-year return on $121k initial cash invested.
-12.89%
Cash On Cash
3.4%
Cap Rate
0.54
DSCR
$3,118
Rent
-$1,296
Cashflow
Cash Flow
$3,118 income − $4,414 expenses = $1,296 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,118
Total Expenses
$4,414
Mortgage P&I
82%
$2,558
Property Taxes
20%
$620
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343