This property looks like a bad Mid-Term investment with a projected -4.84% first-year return on $121k initial cash invested.
-4.84%
Cash On Cash
5.76%
Cap Rate
0.88
DSCR
$4,401
Rent
-$489
Cashflow
Cash Flow
$4,401 income − $4,890 expenses = $489 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,420
Closing costs
1%
$4,921
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,401
Total Expenses
$4,890
Mortgage P&I
61%
$2,676
Property Taxes
12%
$518
Home Insurance
4%
$175
HOA
1%
$25
Property Management
12%
$528
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$484