This property looks like a bad Mid-Term investment with a projected -1.01% first-year return on $121k initial cash invested.
-1.01%
Cash On Cash
6.8%
Cap Rate
1.03
DSCR
$4,810
Rent
-$102
Cashflow
Cash Flow
$4,810 income − $4,912 expenses = $102 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,460
Closing costs
1%
$4,923
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,810
Total Expenses
$4,912
Mortgage P&I
56%
$2,698
Property Taxes
9%
$422
Home Insurance
3%
$158
HOA
0%
$0
Property Management
12%
$577
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$529