This property looks like a bad Mid-Term investment with a projected -8.37% first-year return on $120k initial cash invested.
-8.37%
Cash On Cash
4.45%
Cap Rate
0.72
DSCR
$3,423
Rent
-$836
Cashflow
Cash Flow
$3,423 income − $4,259 expenses = $836 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,423
Total Expenses
$4,259
Mortgage P&I
73%
$2,497
Property Taxes
12%
$427
Home Insurance
5%
$170
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377