This property looks like a bad Mid-Term investment with a projected -4.02% first-year return on $120k initial cash invested.
-4.02%
Cash On Cash
5.47%
Cap Rate
0.91
DSCR
$4,332
Rent
-$401
Cashflow
Cash Flow
$4,332 income − $4,733 expenses = $401 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$96,940
Closing costs
1%
$4,847
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,332
Total Expenses
$4,733
Mortgage P&I
56%
$2,438
Property Taxes
15%
$651
Home Insurance
4%
$171
HOA
0%
$0
Property Management
12%
$520
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$477