This property looks like a bad Mid-Term investment with a projected -8.19% first-year return on $121k initial cash invested.
-8.19%
Cash On Cash
4.53%
Cap Rate
0.73
DSCR
$3,288
Rent
-$824
Cashflow
Cash Flow
$3,288 income − $4,112 expenses = $824 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,288
Total Expenses
$4,112
Mortgage P&I
77%
$2,540
Property Taxes
9%
$281
Home Insurance
5%
$171
HOA
0%
$0
Property Management
12%
$395
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$362