This property looks like a bad Mid-Term investment with a projected -7.77% first-year return on $121k initial cash invested.
-7.77%
Cash On Cash
4.92%
Cap Rate
0.76
DSCR
$3,672
Rent
-$781
Cashflow
Cash Flow
$3,672 income − $4,453 expenses = $781 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,740
Closing costs
1%
$4,887
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,672
Total Expenses
$4,453
Mortgage P&I
72%
$2,638
Property Taxes
11%
$391
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404