This property looks like a bad Mid-Term investment with a projected -9.11% first-year return on $121k initial cash invested.
-9.11%
Cash On Cash
4.45%
Cap Rate
0.7
DSCR
$3,165
Rent
-$917
Cashflow
Cash Flow
$3,165 income − $4,082 expenses = $917 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,840
Closing costs
1%
$4,892
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,165
Total Expenses
$4,082
Mortgage P&I
82%
$2,603
Property Taxes
6%
$204
Home Insurance
6%
$198
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$348