This property looks like a bad Mid-Term investment with a projected -3.2% first-year return on $121k initial cash invested.
-3.2%
Cash On Cash
5.71%
Cap Rate
0.93
DSCR
$3,842
Rent
-$322
Cashflow
Cash Flow
$3,842 income − $4,164 expenses = $322 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,780
Closing costs
1%
$4,889
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,842
Total Expenses
$4,164
Mortgage P&I
65%
$2,494
Property Taxes
5%
$188
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$461
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423