This property looks like a bad Mid-Term investment with a projected -2.29% first-year return on $120k initial cash invested.
-2.29%
Cash On Cash
6.01%
Cap Rate
0.98
DSCR
$4,539
Rent
-$229
Cashflow
Cash Flow
$4,539 income − $4,768 expenses = $229 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
6.6%
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
$4,539
Total Expenses
$4,768
Mortgage P&I
55%
$2,482
Property Taxes
13%
$569
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$545
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$499