This property looks like a bad Mid-Term investment with a projected -9.54% first-year return on $120k initial cash invested.
-9.54%
Cash On Cash
4.23%
Cap Rate
0.68
DSCR
$3,417
Rent
-$952
Cashflow
Cash Flow
$3,417 income − $4,369 expenses = $952 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%
$96,920
Closing costs
1%
$4,846
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,417
Total Expenses
$4,369
Mortgage P&I
74%
$2,525
Property Taxes
15%
$506
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$376