This property looks like a bad Mid-Term investment with a projected -3.79% first-year return on $121k initial cash invested.
-3.79%
Cash On Cash
6.21%
Cap Rate
0.93
DSCR
$4,682
Rent
-$382
Cashflow
Cash Flow
$4,682 income − $5,064 expenses = $382 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%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,682
Total Expenses
$5,064
Mortgage P&I
58%
$2,731
Property Taxes
12%
$570
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$562
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$515