This property looks like a bad Mid-Term investment with a projected -9.11% first-year return on $120k initial cash invested.
-9.11%
Cash On Cash
4.27%
Cap Rate
0.7
DSCR
$4,038
Rent
-$910
Cashflow
Cash Flow
$4,038 income − $4,948 expenses = $910 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,060
Closing costs
1%
$4,853
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,038
Total Expenses
$4,948
Mortgage P&I
61%
$2,475
Property Taxes
23%
$928
Home Insurance
4%
$171
HOA
0%
$0
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$444