This property looks like a bad Mid-Term investment with a projected -2.09% first-year return on $120k initial cash invested.
-2.09%
Cash On Cash
6.37%
Cap Rate
1
DSCR
$4,942
Rent
-$208
Cashflow
Cash Flow
$4,942 income − $5,150 expenses = $208 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
$4,942
Total Expenses
$5,150
Mortgage P&I
52%
$2,577
Property Taxes
14%
$682
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$593
CapEx
4%
$198
Vacancy
3%
$148
Maintenance
4%
$198
Other
11%
$544