This property looks like a bad Mid-Term investment with a projected -6.36% first-year return on $121k initial cash invested.
-6.36%
Cash On Cash
4.81%
Cap Rate
0.8
DSCR
$3,939
Rent
-$643
Cashflow
Cash Flow
$3,939 income − $4,582 expenses = $643 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,420
Closing costs
1%
$4,921
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,939
Total Expenses
$4,582
Mortgage P&I
62%
$2,459
Property Taxes
15%
$577
Home Insurance
5%
$206
HOA
0%
$0
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$433