This property looks like a bad Mid-Term investment with a projected -5.87% first-year return on $121k initial cash invested.
-5.87%
Cash On Cash
5.51%
Cap Rate
0.84
DSCR
$4,102
Rent
-$592
Cashflow
Cash Flow
$4,102 income − $4,694 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,160
Closing costs
1%
$4,908
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,102
Total Expenses
$4,694
Mortgage P&I
65%
$2,682
Property Taxes
10%
$411
Home Insurance
4%
$173
HOA
1%
$34
Property Management
12%
$492
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$451