This property looks like a bad Mid-Term investment with a projected -5.36% first-year return on $120k initial cash invested.
-5.36%
Cash On Cash
5.63%
Cap Rate
0.86
DSCR
$3,944
Rent
-$538
Cashflow
Cash Flow
$3,944 income − $4,482 expenses = $538 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,580
Closing costs
1%
$4,879
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,944
Total Expenses
$4,482
Mortgage P&I
68%
$2,671
Property Taxes
7%
$288
Home Insurance
4%
$164
HOA
0%
$18
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$434