This property looks like a bad Mid-Term investment with a projected -6.09% first-year return on $120k initial cash invested.
-6.09%
Cash On Cash
5.26%
Cap Rate
0.82
DSCR
$3,873
Rent
-$610
Cashflow
Cash Flow
$3,873 income − $4,483 expenses = $610 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,873
Total Expenses
$4,483
Mortgage P&I
67%
$2,588
Property Taxes
10%
$390
Home Insurance
5%
$175
HOA
0%
$13
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426