This property looks like a bad Mid-Term investment with a projected -1.8% first-year return on $121k initial cash invested.
-1.8%
Cash On Cash
6.63%
Cap Rate
1.01
DSCR
$5,004
Rent
-$181
Cashflow
Cash Flow
$5,004 income − $5,185 expenses = $181 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,820
Closing costs
1%
$4,891
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,004
Total Expenses
$5,185
Mortgage P&I
54%
$2,684
Property Taxes
11%
$553
Home Insurance
4%
$175
HOA
1%
$73
Property Management
12%
$600
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$550