This property looks like a bad Mid-Term investment with a projected -7.12% first-year return on $120k initial cash invested.
-7.12%
Cash On Cash
5.01%
Cap Rate
0.78
DSCR
$3,357
Rent
-$711
Cashflow
Cash Flow
$3,357 income − $4,068 expenses = $711 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,357
Total Expenses
$4,068
Mortgage P&I
77%
$2,600
Property Taxes
3%
$116
Home Insurance
5%
$170
HOA
1%
$41
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369