This property looks like a bad Mid-Term investment with a projected -7.48% first-year return on $120k initial cash invested.
-7.48%
Cash On Cash
5.08%
Cap Rate
0.77
DSCR
$3,729
Rent
-$748
Cashflow
Cash Flow
$3,729 income − $4,477 expenses = $748 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,180
Closing costs
1%
$4,859
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,729
Total Expenses
$4,477
Mortgage P&I
71%
$2,655
Property Taxes
10%
$389
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410