This property looks like a bad Mid-Term investment with a projected -1.92% first-year return on $120k initial cash invested.
-1.92%
Cash On Cash
6.56%
Cap Rate
1
DSCR
$4,700
Rent
-$191
Cashflow
Cash Flow
$4,700 income − $4,891 expenses = $191 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%
$96,840
Closing costs
1%
$4,842
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,700
Total Expenses
$4,891
Mortgage P&I
56%
$2,650
Property Taxes
10%
$471
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$564
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$517