This property looks like a bad Mid-Term investment with a projected -7.9% first-year return on $120k initial cash invested.
-7.9%
Cash On Cash
5.04%
Cap Rate
0.76
DSCR
$3,297
Rent
-$789
Cashflow
Cash Flow
$3,297 income − $4,086 expenses = $789 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%
$97,000
Closing costs
1%
$4,850
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,297
Total Expenses
$4,086
Mortgage P&I
82%
$2,696
Property Taxes
3%
$98
Home Insurance
5%
$170
HOA
0%
$0
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363