This property looks like a bad Mid-Term investment with a projected -14.25% first-year return on $120k initial cash invested.
-14.25%
Cash On Cash
3.32%
Cap Rate
0.5
DSCR
$2,277
Rent
-$1,423
Cashflow
Cash Flow
$2,277 income − $3,700 expenses = $1,423 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
$2,277
Total Expenses
$3,700
Mortgage P&I
117%
$2,675
Property Taxes
4%
$82
Home Insurance
7%
$170
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250