This property looks like a bad Mid-Term investment with a projected -3.53% first-year return on $120k initial cash invested.
-3.53%
Cash On Cash
6.16%
Cap Rate
0.93
DSCR
$4,092
Rent
-$353
Cashflow
Cash Flow
$4,092 income − $4,445 expenses = $353 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,092
Total Expenses
$4,445
Mortgage P&I
65%
$2,680
Property Taxes
5%
$203
Home Insurance
4%
$170
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450