This property looks like a bad Mid-Term investment with a projected -7.57% first-year return on $120k initial cash invested.
-7.57%
Cash On Cash
5.22%
Cap Rate
0.78
DSCR
$4,388
Rent
-$758
Cashflow
Cash Flow
$4,388 income − $5,146 expenses = $758 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,320
Closing costs
1%
$4,866
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,388
Total Expenses
$5,146
Mortgage P&I
62%
$2,699
Property Taxes
18%
$782
Home Insurance
4%
$171
HOA
0%
$0
Property Management
12%
$527
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$483