This property looks like a bad Mid-Term investment with a projected -9.8% first-year return on $121k initial cash invested.
-9.8%
Cash On Cash
4.36%
Cap Rate
0.67
DSCR
$3,196
Rent
-$985
Cashflow
Cash Flow
$3,196 income − $4,181 expenses = $985 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%
$97,780
Closing costs
1%
$4,889
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,196
Total Expenses
$4,181
Mortgage P&I
82%
$2,632
Property Taxes
9%
$286
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352