This property looks like a bad Mid-Term investment with a projected -7.45% first-year return on $120k initial cash invested.
-7.45%
Cash On Cash
5.04%
Cap Rate
0.77
DSCR
$3,651
Rent
-$744
Cashflow
Cash Flow
$3,651 income − $4,395 expenses = $744 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,651
Total Expenses
$4,395
Mortgage P&I
72%
$2,636
Property Taxes
9%
$342
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402