This property looks like a bad Mid-Term investment with a projected -5.5% first-year return on $121k initial cash invested.
-5.5%
Cash On Cash
5.53%
Cap Rate
0.86
DSCR
$4,744
Rent
-$554
Cashflow
Cash Flow
$4,744 income − $5,298 expenses = $554 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,900
Closing costs
1%
$4,895
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,744
Total Expenses
$5,298
Mortgage P&I
55%
$2,618
Property Taxes
19%
$895
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$569
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$522