This property looks like a bad Mid-Term investment with a projected -6.68% first-year return on $120k initial cash invested.
-6.68%
Cash On Cash
5.14%
Cap Rate
0.8
DSCR
$4,024
Rent
-$667
Cashflow
Cash Flow
$4,024 income − $4,691 expenses = $667 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,024
Total Expenses
$4,691
Mortgage P&I
64%
$2,581
Property Taxes
14%
$549
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$483
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$443