This property looks like a bad Mid-Term investment with a projected -10.11% first-year return on $120k initial cash invested.
-10.11%
Cash On Cash
4.44%
Cap Rate
0.68
DSCR
$3,714
Rent
-$1,007
Cashflow
Cash Flow
$3,714 income − $4,721 expenses = $1,007 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$96,720
Closing costs
1%
$4,836
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,714
Total Expenses
$4,721
Mortgage P&I
71%
$2,648
Property Taxes
6%
$219
Home Insurance
5%
$175
HOA
11%
$415
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$111
Maintenance
4%
$149
Other
11%
$409