This property looks like a bad Mid-Term investment with a projected -1.18% first-year return on $121k initial cash invested.
-1.18%
Cash On Cash
6.86%
Cap Rate
1.03
DSCR
$5,180
Rent
-$119
Cashflow
Cash Flow
$5,180 income − $5,299 expenses = $119 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,300
Closing costs
1%
$4,915
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,180
Total Expenses
$5,299
Mortgage P&I
53%
$2,720
Property Taxes
6%
$321
Home Insurance
3%
$180
HOA
6%
$317
Property Management
12%
$622
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$570