This property looks like a bad Mid-Term investment with a projected -5.14% first-year return on $120k initial cash invested.
-5.14%
Cash On Cash
5.19%
Cap Rate
0.85
DSCR
$3,480
Rent
-$514
Cashflow
Cash Flow
$3,480 income − $3,994 expenses = $514 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%
$97,220
Closing costs
1%
$4,861
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,480
Total Expenses
$3,994
Mortgage P&I
71%
$2,478
Property Taxes
5%
$158
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383