This property looks like a bad Mid-Term investment with a projected -7.53% first-year return on $121k initial cash invested.
-7.53%
Cash On Cash
5.04%
Cap Rate
0.77
DSCR
$3,648
Rent
-$756
Cashflow
Cash Flow
$3,648 income − $4,404 expenses = $756 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,640
Closing costs
1%
$4,882
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,648
Total Expenses
$4,404
Mortgage P&I
73%
$2,662
Property Taxes
9%
$324
Home Insurance
5%
$178
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$401