This property looks like a bad Mid-Term investment with a projected -7.06% first-year return on $120k initial cash invested.
-7.06%
Cash On Cash
5.14%
Cap Rate
0.79
DSCR
$3,534
Rent
-$707
Cashflow
Cash Flow
$3,534 income − $4,241 expenses = $707 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%
$97,260
Closing costs
1%
$4,863
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,534
Total Expenses
$4,241
Mortgage P&I
75%
$2,647
Property Taxes
5%
$181
Home Insurance
5%
$172
HOA
1%
$40
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$389