This property looks like a bad Mid-Term investment with a projected -8.98% first-year return on $120k initial cash invested.
-8.98%
Cash On Cash
4.76%
Cap Rate
0.72
DSCR
$3,717
Rent
-$901
Cashflow
Cash Flow
$3,717 income − $4,618 expenses = $901 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,480
Closing costs
1%
$4,874
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,717
Total Expenses
$4,618
Mortgage P&I
72%
$2,686
Property Taxes
11%
$404
Home Insurance
5%
$175
HOA
2%
$88
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$409