This property looks like a bad Mid-Term investment with a projected -3.88% first-year return on $121k initial cash invested.
-3.88%
Cash On Cash
6.09%
Cap Rate
0.92
DSCR
$4,310
Rent
-$391
Cashflow
Cash Flow
$4,310 income − $4,701 expenses = $391 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,880
Closing costs
1%
$4,894
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,310
Total Expenses
$4,701
Mortgage P&I
63%
$2,704
Property Taxes
8%
$358
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$517
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$474