This property looks like a bad Mid-Term investment with a projected -0.5% first-year return on $121k initial cash invested.
-0.5%
Cash On Cash
6.88%
Cap Rate
1.06
DSCR
$5,098
Rent
-$50
Cashflow
Cash Flow
$5,098 income − $5,148 expenses = $50 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,260
Closing costs
1%
$4,913
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,098
Total Expenses
$5,148
Mortgage P&I
52%
$2,664
Property Taxes
11%
$575
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$612
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$561