This property looks like a bad Mid-Term investment with a projected -4.7% first-year return on $121k initial cash invested.
-4.7%
Cash On Cash
5.95%
Cap Rate
0.89
DSCR
$4,328
Rent
-$472
Cashflow
Cash Flow
$4,328 income − $4,800 expenses = $472 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,620
Closing costs
1%
$4,881
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,328
Total Expenses
$4,800
Mortgage P&I
63%
$2,720
Property Taxes
10%
$436
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476