This property looks like a bad Mid-Term investment with a projected -10.57% first-year return on $120k initial cash invested.
-10.57%
Cash On Cash
4.23%
Cap Rate
0.65
DSCR
$3,504
Rent
-$1,055
Cashflow
Cash Flow
$3,504 income − $4,559 expenses = $1,055 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$96,980
Closing costs
1%
$4,849
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,504
Total Expenses
$4,559
Mortgage P&I
75%
$2,623
Property Taxes
16%
$576
Home Insurance
5%
$170
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385