This property looks like a bad Mid-Term investment with a projected -2.65% first-year return on $121k initial cash invested.
-2.65%
Cash On Cash
6.47%
Cap Rate
0.97
DSCR
$4,882
Rent
-$267
Cashflow
Cash Flow
$4,882 income − $5,149 expenses = $267 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,880
Closing costs
1%
$4,894
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,882
Total Expenses
$5,149
Mortgage P&I
56%
$2,710
Property Taxes
12%
$605
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$586
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$537