This property looks like a bad Mid-Term investment with a projected -4.73% first-year return on $120k initial cash invested.
-4.73%
Cash On Cash
5.73%
Cap Rate
0.88
DSCR
$3,921
Rent
-$473
Cashflow
Cash Flow
$3,921 income − $4,394 expenses = $473 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,240
Closing costs
1%
$4,862
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,921
Total Expenses
$4,394
Mortgage P&I
67%
$2,639
Property Taxes
5%
$178
Home Insurance
6%
$243
HOA
0%
$0
Property Management
12%
$471
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$431