This property looks like a bad Mid-Term investment with a projected -9.43% first-year return on $121k initial cash invested.
-9.43%
Cash On Cash
4.48%
Cap Rate
0.69
DSCR
$3,441
Rent
-$948
Cashflow
Cash Flow
$3,441 income − $4,389 expenses = $948 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,441
Total Expenses
$4,389
Mortgage P&I
77%
$2,636
Property Taxes
12%
$411
Home Insurance
5%
$171
HOA
0%
$0
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$379