This property looks like a bad Mid-Term investment with a projected -5.11% first-year return on $120k initial cash invested.
-5.11%
Cash On Cash
5.7%
Cap Rate
0.86
DSCR
$3,723
Rent
-$510
Cashflow
Cash Flow
$3,723 income − $4,233 expenses = $510 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%
$97,000
Closing costs
1%
$4,850
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,723
Total Expenses
$4,233
Mortgage P&I
72%
$2,663
Property Taxes
4%
$133
Home Insurance
5%
$170
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410