This property looks like a bad Mid-Term investment with a projected -10.95% first-year return on $120k initial cash invested.
-10.95%
Cash On Cash
3.82%
Cap Rate
0.61
DSCR
$2,922
Rent
-$1,094
Cashflow
Cash Flow
$2,922 income − $4,016 expenses = $1,094 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,000
Closing costs
1%
$4,850
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,922
Total Expenses
$4,016
Mortgage P&I
86%
$2,521
Property Taxes
11%
$331
Home Insurance
6%
$170
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321