This property looks like a bad Mid-Term investment with a projected -8.16% first-year return on $121k initial cash invested.
-8.16%
Cash On Cash
4.72%
Cap Rate
0.74
DSCR
$3,396
Rent
-$822
Cashflow
Cash Flow
$3,396 income − $4,218 expenses = $822 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%
$97,940
Closing costs
1%
$4,897
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,396
Total Expenses
$4,218
Mortgage P&I
77%
$2,612
Property Taxes
6%
$219
Home Insurance
7%
$231
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374