This property looks like a bad Mid-Term investment with a projected -8.5% first-year return on $121k initial cash invested.
-8.5%
Cash On Cash
4.85%
Cap Rate
0.74
DSCR
$3,740
Rent
-$854
Cashflow
Cash Flow
$3,740 income − $4,594 expenses = $854 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,620
Closing costs
1%
$4,881
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,740
Total Expenses
$4,594
Mortgage P&I
72%
$2,676
Property Taxes
13%
$474
Home Insurance
5%
$172
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$411