This property looks like a bad Mid-Term investment with a projected -8.28% first-year return on $120k initial cash invested.
-8.28%
Cash On Cash
4.98%
Cap Rate
0.75
DSCR
$3,747
Rent
-$826
Cashflow
Cash Flow
$3,747 income − $4,573 expenses = $826 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,747
Total Expenses
$4,573
Mortgage P&I
72%
$2,688
Property Taxes
12%
$436
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412