This property looks like a bad Mid-Term investment with a projected -5.96% first-year return on $120k initial cash invested.
-5.96%
Cash On Cash
5.33%
Cap Rate
0.83
DSCR
$3,442
Rent
-$594
Cashflow
Cash Flow
$3,442 income − $4,036 expenses = $594 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%
$96,780
Closing costs
1%
$4,839
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,442
Total Expenses
$4,036
Mortgage P&I
76%
$2,607
Property Taxes
2%
$83
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$379