This property looks like a bad Mid-Term investment with a projected -2.86% first-year return on $120k initial cash invested.
-2.86%
Cash On Cash
6.05%
Cap Rate
0.96
DSCR
$4,466
Rent
-$286
Cashflow
Cash Flow
$4,466 income − $4,752 expenses = $286 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.9%
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
$4,466
Total Expenses
$4,752
Mortgage P&I
57%
$2,553
Property Taxes
11%
$510
Home Insurance
4%
$170
HOA
0%
$0
Property Management
12%
$536
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$491