This property looks like a bad Mid-Term investment with a projected -3.66% first-year return on $120k initial cash invested.
-3.66%
Cash On Cash
6.08%
Cap Rate
0.93
DSCR
$4,432
Rent
-$365
Cashflow
Cash Flow
$4,432 income − $4,797 expenses = $365 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%
$96,860
Closing costs
1%
$4,843
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,432
Total Expenses
$4,797
Mortgage P&I
60%
$2,643
Property Taxes
11%
$477
Home Insurance
4%
$170
HOA
0%
$0
Property Management
12%
$532
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$488