This property looks like a bad Mid-Term investment with a projected -11.63% first-year return on $121k initial cash invested.
-11.63%
Cash On Cash
4.05%
Cap Rate
0.62
DSCR
$3,470
Rent
-$1,172
Cashflow
Cash Flow
$3,470 income − $4,642 expenses = $1,172 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,470
Total Expenses
$4,642
Mortgage P&I
77%
$2,686
Property Taxes
17%
$604
Home Insurance
5%
$172
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382