This property looks like a bad Mid-Term investment with a projected -15.38% first-year return on $121k initial cash invested.
-15.38%
Cash On Cash
2.99%
Cap Rate
0.45
DSCR
$2,235
Rent
-$1,551
Cashflow
Cash Flow
$2,235 income − $3,786 expenses = $1,551 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,080
Closing costs
1%
$4,904
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,235
Total Expenses
$3,786
Mortgage P&I
120%
$2,682
Property Taxes
8%
$170
Home Insurance
8%
$175
HOA
0%
$0
Property Management
12%
$268
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$246