This property looks like a bad Mid-Term investment with a projected -9.28% first-year return on $121k initial cash invested.
-9.28%
Cash On Cash
4.57%
Cap Rate
0.7
DSCR
$3,291
Rent
-$936
Cashflow
Cash Flow
$3,291 income − $4,227 expenses = $936 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,100
Closing costs
1%
$4,905
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,291
Total Expenses
$4,227
Mortgage P&I
81%
$2,671
Property Taxes
8%
$252
Home Insurance
6%
$184
HOA
0%
$0
Property Management
12%
$395
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$362