This property looks like a bad Mid-Term investment with a projected -6.33% first-year return on $120k initial cash invested.
-6.33%
Cash On Cash
5.17%
Cap Rate
0.81
DSCR
$3,572
Rent
-$632
Cashflow
Cash Flow
$3,572 income − $4,204 expenses = $632 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
$3,572
Total Expenses
$4,204
Mortgage P&I
72%
$2,578
Property Taxes
7%
$236
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393