This property looks like a bad Mid-Term investment with a projected -8.06% first-year return on $120k initial cash invested.
-8.06%
Cash On Cash
5.24%
Cap Rate
0.77
DSCR
$4,538
Rent
-$807
Cashflow
Cash Flow
$4,538 income − $5,345 expenses = $807 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,300
Closing costs
1%
$4,865
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,538
Total Expenses
$5,345
Mortgage P&I
61%
$2,748
Property Taxes
19%
$880
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$545
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$499