This property looks like a bad Mid-Term investment with a projected -4.41% first-year return on $121k initial cash invested.
-4.41%
Cash On Cash
5.64%
Cap Rate
0.9
DSCR
$4,696
Rent
-$446
Cashflow
Cash Flow
$4,696 income − $5,142 expenses = $446 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,500
Closing costs
1%
$4,925
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,696
Total Expenses
$5,142
Mortgage P&I
55%
$2,571
Property Taxes
17%
$798
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$564
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$517