This property looks like a bad Mid-Term investment with a projected -3.88% first-year return on $121k initial cash invested.
-3.88%
Cash On Cash
6.1%
Cap Rate
0.92
DSCR
$4,647
Rent
-$393
Cashflow
Cash Flow
$4,647 income − $5,040 expenses = $393 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,540
Closing costs
1%
$4,927
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,647
Total Expenses
$5,040
Mortgage P&I
58%
$2,713
Property Taxes
12%
$572
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$558
CapEx
4%
$186
Vacancy
3%
$139
Maintenance
4%
$186
Other
11%
$511