This property looks like a bad Mid-Term investment with a projected -9.83% first-year return on $121k initial cash invested.
-9.83%
Cash On Cash
3.99%
Cap Rate
0.65
DSCR
$2,739
Rent
-$989
Cashflow
Cash Flow
$2,739 income − $3,728 expenses = $989 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,739
Total Expenses
$3,728
Mortgage P&I
91%
$2,505
Property Taxes
3%
$95
Home Insurance
6%
$171
HOA
1%
$25
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$301