This property looks like a bad Mid-Term investment with a projected -3.27% first-year return on $120k initial cash invested.
-3.27%
Cash On Cash
6.02%
Cap Rate
0.95
DSCR
$4,758
Rent
-$328
Cashflow
Cash Flow
$4,758 income − $5,086 expenses = $328 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,500
Closing costs
1%
$4,875
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,758
Total Expenses
$5,086
Mortgage P&I
54%
$2,585
Property Taxes
15%
$709
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$571
CapEx
4%
$190
Vacancy
3%
$143
Maintenance
4%
$190
Other
11%
$523