This property looks like a bad Mid-Term investment with a projected -5.91% first-year return on $120k initial cash invested.
-5.91%
Cash On Cash
5.08%
Cap Rate
0.83
DSCR
$3,870
Rent
-$590
Cashflow
Cash Flow
$3,870 income − $4,460 expenses = $590 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,870
Total Expenses
$4,460
Mortgage P&I
64%
$2,490
Property Taxes
13%
$484
Home Insurance
4%
$170
HOA
0%
$0
Property Management
12%
$464
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426