This property looks like a bad Mid-Term investment with a projected -11.46% first-year return on $121k initial cash invested.
-11.46%
Cash On Cash
3.63%
Cap Rate
0.58
DSCR
$2,402
Rent
-$1,154
Cashflow
Cash Flow
$2,402 income − $3,556 expenses = $1,154 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,402
Total Expenses
$3,556
Mortgage P&I
106%
$2,538
Property Taxes
1%
$30
Home Insurance
7%
$172
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264