This property looks like a bad Mid-Term investment with a projected -5.89% first-year return on $121k initial cash invested.
-5.89%
Cash On Cash
5.58%
Cap Rate
0.84
DSCR
$4,100
Rent
-$594
Cashflow
Cash Flow
$4,100 income − $4,694 expenses = $594 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,020
Closing costs
1%
$4,901
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,100
Total Expenses
$4,694
Mortgage P&I
66%
$2,708
Property Taxes
10%
$417
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$492
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$451