This property looks like a bad Mid-Term investment with a projected -5.29% first-year return on $120k initial cash invested.
-5.29%
Cash On Cash
5.71%
Cap Rate
0.86
DSCR
$3,879
Rent
-$529
Cashflow
Cash Flow
$3,879 income − $4,408 expenses = $529 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,160
Closing costs
1%
$4,858
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,879
Total Expenses
$4,408
Mortgage P&I
69%
$2,684
Property Taxes
6%
$231
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$427