This property looks like a bad Mid-Term investment with a projected -9.8% first-year return on $120k initial cash invested.
-9.8%
Cash On Cash
4.61%
Cap Rate
0.69
DSCR
$3,784
Rent
-$982
Cashflow
Cash Flow
$3,784 income − $4,766 expenses = $982 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,400
Closing costs
1%
$4,870
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,784
Total Expenses
$4,766
Mortgage P&I
71%
$2,701
Property Taxes
16%
$609
Home Insurance
4%
$170
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$114
Maintenance
4%
$151
Other
11%
$416