This property looks like a bad Mid-Term investment with a projected -2.63% first-year return on $120k initial cash invested.
-2.63%
Cash On Cash
5.95%
Cap Rate
0.97
DSCR
$4,569
Rent
-$263
Cashflow
Cash Flow
$4,569 income − $4,832 expenses = $263 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.6%
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
$4,569
Total Expenses
$4,832
Mortgage P&I
54%
$2,483
Property Taxes
14%
$620
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503