This property looks like a bad Mid-Term investment with a projected -9.73% first-year return on $121k initial cash invested.
-9.73%
Cash On Cash
4.36%
Cap Rate
0.68
DSCR
$3,700
Rent
-$980
Cashflow
Cash Flow
$3,700 income − $4,680 expenses = $980 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,700
Total Expenses
$4,680
Mortgage P&I
71%
$2,613
Property Taxes
16%
$594
Home Insurance
6%
$215
HOA
0%
$0
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407