This property looks like a bad Mid-Term investment with a projected -9.58% first-year return on $120k initial cash invested.
-9.58%
Cash On Cash
4.59%
Cap Rate
0.69
DSCR
$3,464
Rent
-$957
Cashflow
Cash Flow
$3,464 income − $4,421 expenses = $957 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%
$97,000
Closing costs
1%
$4,850
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,464
Total Expenses
$4,421
Mortgage P&I
77%
$2,673
Property Taxes
8%
$267
Home Insurance
5%
$170
HOA
4%
$132
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381