This property looks like a bad Mid-Term investment with a projected -4.36% first-year return on $121k initial cash invested.
-4.36%
Cash On Cash
5.93%
Cap Rate
0.9
DSCR
$4,048
Rent
-$439
Cashflow
Cash Flow
$4,048 income − $4,487 expenses = $439 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,048
Total Expenses
$4,487
Mortgage P&I
67%
$2,699
Property Taxes
6%
$240
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445