This property looks like a bad Mid-Term investment with a projected -7.38% first-year return on $121k initial cash invested.
-7.38%
Cash On Cash
5.17%
Cap Rate
0.78
DSCR
$3,660
Rent
-$743
Cashflow
Cash Flow
$3,660 income − $4,403 expenses = $743 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,660
Total Expenses
$4,403
Mortgage P&I
74%
$2,707
Property Taxes
8%
$280
Home Insurance
5%
$172
HOA
0%
$0
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$403