This property looks like a bad Mid-Term investment with a projected -4.75% first-year return on $120k initial cash invested.
-4.75%
Cash On Cash
5.61%
Cap Rate
0.88
DSCR
$4,022
Rent
-$473
Cashflow
Cash Flow
$4,022 income − $4,495 expenses = $473 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,022
Total Expenses
$4,495
Mortgage P&I
64%
$2,574
Property Taxes
9%
$378
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$483
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442