This property looks like a bad Mid-Term investment with a projected -7.99% first-year return on $121k initial cash invested.
-7.99%
Cash On Cash
5.02%
Cap Rate
0.76
DSCR
$3,876
Rent
-$808
Cashflow
Cash Flow
$3,876 income − $4,684 expenses = $808 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,360
Closing costs
1%
$4,918
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,876
Total Expenses
$4,684
Mortgage P&I
70%
$2,710
Property Taxes
12%
$482
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426