This property looks like a bad Mid-Term investment with a projected -2.09% first-year return on $120k initial cash invested.
-2.09%
Cash On Cash
6.47%
Cap Rate
0.99
DSCR
$4,446
Rent
-$209
Cashflow
Cash Flow
$4,446 income − $4,655 expenses = $209 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,280
Closing costs
1%
$4,864
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,446
Total Expenses
$4,655
Mortgage P&I
60%
$2,654
Property Taxes
7%
$307
Home Insurance
4%
$174
HOA
0%
$8
Property Management
12%
$534
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$489