This property looks like a bad Mid-Term investment with a projected -8.14% first-year return on $120k initial cash invested.
-8.14%
Cash On Cash
5.11%
Cap Rate
0.77
DSCR
$4,676
Rent
-$811
Cashflow
Cash Flow
$4,676 income − $5,487 expenses = $811 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,676
Total Expenses
$5,487
Mortgage P&I
57%
$2,684
Property Taxes
21%
$984
Home Insurance
4%
$172
HOA
1%
$58
Property Management
12%
$561
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$514