This property looks like a bad Mid-Term investment with a projected -3.15% first-year return on $120k initial cash invested.
-3.15%
Cash On Cash
6.41%
Cap Rate
0.96
DSCR
$4,992
Rent
-$314
Cashflow
Cash Flow
$4,992 income − $5,306 expenses = $314 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$96,740
Closing costs
1%
$4,837
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,992
Total Expenses
$5,306
Mortgage P&I
54%
$2,696
Property Taxes
15%
$748
Home Insurance
3%
$164
HOA
0%
$0
Property Management
12%
$599
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$549