This property looks like a bad Mid-Term investment with a projected -14.27% first-year return on $120k initial cash invested.
-14.27%
Cash On Cash
3.1%
Cap Rate
0.49
DSCR
$2,550
Rent
-$1,427
Cashflow
Cash Flow
$2,550 income − $3,977 expenses = $1,427 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,160
Closing costs
1%
$4,858
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,550
Total Expenses
$3,977
Mortgage P&I
101%
$2,581
Property Taxes
14%
$355
Home Insurance
7%
$175
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280