This property looks like a bad Mid-Term investment with a projected -9.52% first-year return on $121k initial cash invested.
-9.52%
Cash On Cash
4.48%
Cap Rate
0.69
DSCR
$3,094
Rent
-$964
Cashflow
Cash Flow
$3,094 income − $4,058 expenses = $964 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,560
Closing costs
1%
$4,928
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,094
Total Expenses
$4,058
Mortgage P&I
87%
$2,678
Property Taxes
5%
$146
Home Insurance
6%
$182
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340