This property looks like a bad Mid-Term investment with a projected -1.16% first-year return on $120k initial cash invested.
-1.16%
Cash On Cash
6.73%
Cap Rate
1.03
DSCR
$5,000
Rent
-$116
Cashflow
Cash Flow
$5,000 income − $5,116 expenses = $116 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.2%
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
$5,000
Total Expenses
$5,116
Mortgage P&I
53%
$2,645
Property Taxes
12%
$600
Home Insurance
3%
$171
HOA
0%
$0
Property Management
12%
$600
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$550