This property looks like a bad Mid-Term investment with a projected -6.65% first-year return on $120k initial cash invested.
-6.65%
Cash On Cash
5.39%
Cap Rate
0.81
DSCR
$4,198
Rent
-$665
Cashflow
Cash Flow
$4,198 income − $4,863 expenses = $665 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,060
Closing costs
1%
$4,853
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,198
Total Expenses
$4,863
Mortgage P&I
64%
$2,676
Property Taxes
9%
$394
Home Insurance
4%
$175
HOA
5%
$190
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462