This property looks like a bad Mid-Term investment with a projected -7.12% first-year return on $121k initial cash invested.
-7.12%
Cash On Cash
5.13%
Cap Rate
0.79
DSCR
$4,312
Rent
-$716
Cashflow
Cash Flow
$4,312 income − $5,028 expenses = $716 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,860
Closing costs
1%
$4,893
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,312
Total Expenses
$5,028
Mortgage P&I
61%
$2,637
Property Taxes
18%
$763
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$517
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$474