This property looks like a bad Mid-Term investment with a projected -14.1% first-year return on $120k initial cash invested.
-14.1%
Cash On Cash
3.56%
Cap Rate
0.52
DSCR
$2,504
Rent
-$1,408
Cashflow
Cash Flow
$2,504 income − $3,912 expenses = $1,408 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,020
Closing costs
1%
$4,851
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,504
Total Expenses
$3,912
Mortgage P&I
110%
$2,747
Property Taxes
6%
$140
Home Insurance
7%
$175
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275