This property looks like a bad Mid-Term investment with a projected -11.25% first-year return on $120k initial cash invested.
-11.25%
Cash On Cash
4.14%
Cap Rate
0.63
DSCR
$3,384
Rent
-$1,127
Cashflow
Cash Flow
$3,384 income − $4,511 expenses = $1,127 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,380
Closing costs
1%
$4,869
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,384
Total Expenses
$4,511
Mortgage P&I
79%
$2,673
Property Taxes
15%
$502
Home Insurance
6%
$186
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$102
Maintenance
4%
$135
Other
11%
$372