This property looks like a bad Mid-Term investment with a projected -5.26% first-year return on $120k initial cash invested.
-5.26%
Cash On Cash
5.38%
Cap Rate
0.85
DSCR
$3,784
Rent
-$527
Cashflow
Cash Flow
$3,784 income − $4,311 expenses = $527 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,340
Closing costs
1%
$4,867
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,784
Total Expenses
$4,311
Mortgage P&I
68%
$2,560
Property Taxes
8%
$290
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$114
Maintenance
4%
$151
Other
11%
$416