This property looks like a bad Mid-Term investment with a projected -7.86% first-year return on $120k initial cash invested.
-7.86%
Cash On Cash
5.2%
Cap Rate
0.77
DSCR
$3,885
Rent
-$784
Cashflow
Cash Flow
$3,885 income − $4,669 expenses = $784 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$96,900
Closing costs
1%
$4,845
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,885
Total Expenses
$4,669
Mortgage P&I
70%
$2,729
Property Taxes
12%
$448
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$466
CapEx
4%
$155
Vacancy
3%
$117
Maintenance
4%
$155
Other
11%
$427