This property looks like a bad Mid-Term investment with a projected -7.53% first-year return on $120k initial cash invested.
-7.53%
Cash On Cash
5.08%
Cap Rate
0.77
DSCR
$3,706
Rent
-$752
Cashflow
Cash Flow
$3,706 income − $4,458 expenses = $752 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,706
Total Expenses
$4,458
Mortgage P&I
72%
$2,658
Property Taxes
10%
$370
Home Insurance
5%
$170
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408