This property looks like a bad Mid-Term investment with a projected -8.03% first-year return on $121k initial cash invested.
-8.03%
Cash On Cash
4.75%
Cap Rate
0.74
DSCR
$3,279
Rent
-$808
Cashflow
Cash Flow
$3,279 income − $4,087 expenses = $808 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,920
Closing costs
1%
$4,896
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,279
Total Expenses
$4,087
Mortgage P&I
80%
$2,616
Property Taxes
6%
$196
Home Insurance
5%
$161
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361