This property looks like a bad Mid-Term investment with a projected -4.27% first-year return on $121k initial cash invested.
-4.27%
Cash On Cash
5.59%
Cap Rate
0.89
DSCR
$3,992
Rent
-$430
Cashflow
Cash Flow
$3,992 income − $4,422 expenses = $430 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,080
Closing costs
1%
$4,904
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,992
Total Expenses
$4,422
Mortgage P&I
64%
$2,556
Property Taxes
8%
$333
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439