This property looks like a bad Mid-Term investment with a projected -6.77% first-year return on $121k initial cash invested.
-6.77%
Cash On Cash
5.23%
Cap Rate
0.81
DSCR
$4,450
Rent
-$680
Cashflow
Cash Flow
$4,450 income − $5,130 expenses = $680 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,660
Closing costs
1%
$4,883
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,450
Total Expenses
$5,130
Mortgage P&I
59%
$2,632
Property Taxes
11%
$482
Home Insurance
4%
$172
HOA
7%
$330
Property Management
12%
$534
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$490