This property looks like a bad Mid-Term investment with a projected -9.06% first-year return on $120k initial cash invested.
-9.06%
Cash On Cash
4.66%
Cap Rate
0.71
DSCR
$3,848
Rent
-$903
Cashflow
Cash Flow
$3,848 income − $4,751 expenses = $903 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$96,760
Closing costs
1%
$4,838
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,848
Total Expenses
$4,751
Mortgage P&I
68%
$2,626
Property Taxes
13%
$493
Home Insurance
8%
$324
HOA
0%
$0
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423