This property looks like a bad Mid-Term investment with a projected -11.15% first-year return on $120k initial cash invested.
-11.15%
Cash On Cash
4.16%
Cap Rate
0.63
DSCR
$3,573
Rent
-$1,114
Cashflow
Cash Flow
$3,573 income − $4,687 expenses = $1,114 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%
$97,060
Closing costs
1%
$4,853
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,573
Total Expenses
$4,687
Mortgage P&I
74%
$2,653
Property Taxes
16%
$555
Home Insurance
5%
$172
HOA
3%
$92
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393