This property looks like a bad Mid-Term investment with a projected -6.39% first-year return on $121k initial cash invested.
-6.39%
Cash On Cash
5.54%
Cap Rate
0.82
DSCR
$3,825
Rent
-$643
Cashflow
Cash Flow
$3,825 income − $4,468 expenses = $643 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,940
Closing costs
1%
$4,897
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,825
Total Expenses
$4,468
Mortgage P&I
72%
$2,752
Property Taxes
6%
$240
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$459
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421