This property looks like a bad Mid-Term investment with a projected -8.44% first-year return on $121k initial cash invested.
-8.44%
Cash On Cash
4.53%
Cap Rate
0.72
DSCR
$3,306
Rent
-$850
Cashflow
Cash Flow
$3,306 income − $4,156 expenses = $850 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,306
Total Expenses
$4,156
Mortgage P&I
78%
$2,569
Property Taxes
9%
$291
Home Insurance
5%
$172
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364