This property looks like a bad Mid-Term investment with a projected -6.85% first-year return on $121k initial cash invested.
-6.85%
Cash On Cash
5.39%
Cap Rate
0.8
DSCR
$3,915
Rent
-$690
Cashflow
Cash Flow
$3,915 income − $4,605 expenses = $690 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,040
Closing costs
1%
$4,902
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,915
Total Expenses
$4,605
Mortgage P&I
70%
$2,733
Property Taxes
9%
$367
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$470
CapEx
4%
$157
Vacancy
3%
$117
Maintenance
4%
$157
Other
11%
$431