This property looks like a bad Mid-Term investment with a projected -7.76% first-year return on $120k initial cash invested.
-7.76%
Cash On Cash
5.03%
Cap Rate
0.77
DSCR
$4,232
Rent
-$776
Cashflow
Cash Flow
$4,232 income − $5,008 expenses = $776 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%
$97,120
Closing costs
1%
$4,856
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,232
Total Expenses
$5,008
Mortgage P&I
62%
$2,642
Property Taxes
15%
$652
Home Insurance
4%
$175
HOA
2%
$100
Property Management
12%
$508
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$466