This property looks like a bad Mid-Term investment with a projected -15.58% first-year return on $121k initial cash invested.
-15.58%
Cash On Cash
2.55%
Cap Rate
0.41
DSCR
$1,774
Rent
-$1,569
Cashflow
Cash Flow
$1,774 income − $3,343 expenses = $1,569 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
$1,774
Total Expenses
$3,343
Mortgage P&I
143%
$2,538
Property Taxes
2%
$30
Home Insurance
10%
$172
HOA
0%
$0
Property Management
12%
$213
CapEx
4%
$71
Vacancy
3%
$53
Maintenance
4%
$71
Other
11%
$195