This property looks like a bad Mid-Term investment with a projected -8.1% first-year return on $120k initial cash invested.
-8.1%
Cash On Cash
4.4%
Cap Rate
0.72
DSCR
$3,201
Rent
-$808
Cashflow
Cash Flow
$3,201 income − $4,009 expenses = $808 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$96,880
Closing costs
1%
$4,844
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,201
Total Expenses
$4,009
Mortgage P&I
77%
$2,457
Property Taxes
9%
$291
Home Insurance
5%
$173
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352