This property looks like a bad Mid-Term investment with a projected -7.62% first-year return on $120k initial cash invested.
-7.62%
Cash On Cash
4.96%
Cap Rate
0.77
DSCR
$3,754
Rent
-$759
Cashflow
Cash Flow
$3,754 income − $4,513 expenses = $759 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$96,700
Closing costs
1%
$4,835
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,754
Total Expenses
$4,513
Mortgage P&I
69%
$2,608
Property Taxes
12%
$457
Home Insurance
5%
$172
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413