This property looks like a bad Mid-Term investment with a projected -6.57% first-year return on $121k initial cash invested.
-6.57%
Cash On Cash
4.83%
Cap Rate
0.79
DSCR
$3,402
Rent
-$661
Cashflow
Cash Flow
$3,402 income − $4,063 expenses = $661 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%
$97,840
Closing costs
1%
$4,892
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,402
Total Expenses
$4,063
Mortgage P&I
73%
$2,496
Property Taxes
7%
$236
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374