This property looks like a bad Mid-Term investment with a projected -6.74% first-year return on $120k initial cash invested.
-6.74%
Cash On Cash
5.13%
Cap Rate
0.8
DSCR
$3,555
Rent
-$674
Cashflow
Cash Flow
$3,555 income − $4,229 expenses = $674 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,100
Closing costs
1%
$4,855
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,555
Total Expenses
$4,229
Mortgage P&I
73%
$2,609
Property Taxes
7%
$238
Home Insurance
5%
$173
HOA
0%
$0
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391