This property looks like a bad Mid-Term investment with a projected -7.28% first-year return on $120k initial cash invested.
-7.28%
Cash On Cash
5.17%
Cap Rate
0.79
DSCR
$3,960
Rent
-$729
Cashflow
Cash Flow
$3,960 income − $4,689 expenses = $729 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,320
Closing costs
1%
$4,866
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,960
Total Expenses
$4,689
Mortgage P&I
67%
$2,667
Property Taxes
13%
$510
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$436