This property looks like a bad Mid-Term investment with a projected -8.42% first-year return on $121k initial cash invested.
-8.42%
Cash On Cash
4.78%
Cap Rate
0.74
DSCR
$3,645
Rent
-$847
Cashflow
Cash Flow
$3,645 income − $4,492 expenses = $847 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,860
Closing costs
1%
$4,893
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,645
Total Expenses
$4,492
Mortgage P&I
73%
$2,649
Property Taxes
12%
$429
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$401