This property looks like a bad Mid-Term investment with a projected -3.92% first-year return on $121k initial cash invested.
-3.92%
Cash On Cash
5.46%
Cap Rate
0.91
DSCR
$4,118
Rent
-$394
Cashflow
Cash Flow
$4,118 income − $4,512 expenses = $394 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,840
Closing costs
1%
$4,892
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,118
Total Expenses
$4,512
Mortgage P&I
60%
$2,456
Property Taxes
11%
$436
Home Insurance
5%
$219
HOA
0%
$0
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$453