This property looks like a bad Mid-Term investment with a projected -8.51% first-year return on $120k initial cash invested.
-8.51%
Cash On Cash
4.74%
Cap Rate
0.73
DSCR
$3,572
Rent
-$854
Cashflow
Cash Flow
$3,572 income − $4,426 expenses = $854 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,580
Closing costs
1%
$4,879
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,572
Total Expenses
$4,426
Mortgage P&I
74%
$2,639
Property Taxes
11%
$400
Home Insurance
5%
$172
HOA
0%
$0
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393