This property looks like a bad Mid-Term investment with a projected -10.55% first-year return on $121k initial cash invested.
-10.55%
Cash On Cash
4.28%
Cap Rate
0.65
DSCR
$2,865
Rent
-$1,061
Cashflow
Cash Flow
$2,865 income − $3,926 expenses = $1,061 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,865
Total Expenses
$3,926
Mortgage P&I
94%
$2,690
Property Taxes
3%
$90
Home Insurance
6%
$171
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315