This property looks like a bad Mid-Term investment with a projected -11.47% first-year return on $121k initial cash invested.
-11.47%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$3,060
Rent
-$1,155
Cashflow
Cash Flow
$3,060 income − $4,215 expenses = $1,155 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,060
Total Expenses
$4,215
Mortgage P&I
87%
$2,662
Property Taxes
11%
$341
Home Insurance
6%
$172
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$337