This property looks like a bad Mid-Term investment with a projected -15.75% first-year return on $121k initial cash invested.
-15.75%
Cash On Cash
2.84%
Cap Rate
0.44
DSCR
$2,578
Rent
-$1,588
Cashflow
Cash Flow
$2,578 income − $4,166 expenses = $1,588 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,060
Closing costs
1%
$4,903
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,578
Total Expenses
$4,166
Mortgage P&I
103%
$2,645
Property Taxes
18%
$470
Home Insurance
7%
$175
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$284