This property looks like a bad Mid-Term investment with a projected -5.34% first-year return on $121k initial cash invested.
-5.34%
Cash On Cash
5.64%
Cap Rate
0.86
DSCR
$4,209
Rent
-$538
Cashflow
Cash Flow
$4,209 income − $4,747 expenses = $538 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,209
Total Expenses
$4,747
Mortgage P&I
63%
$2,671
Property Taxes
11%
$474
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463