This property looks like a bad Mid-Term investment with a projected -1.92% first-year return on $120k initial cash invested.
-1.92%
Cash On Cash
6.23%
Cap Rate
1
DSCR
$4,986
Rent
-$193
Cashflow
Cash Flow
$4,986 income − $5,179 expenses = $193 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,480
Closing costs
1%
$4,874
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,986
Total Expenses
$5,179
Mortgage P&I
51%
$2,524
Property Taxes
15%
$744
Home Insurance
3%
$170
HOA
1%
$47
Property Management
12%
$598
CapEx
4%
$199
Vacancy
3%
$150
Maintenance
4%
$199
Other
11%
$548