This property looks like a bad Mid-Term investment with a projected -8.24% first-year return on $120k initial cash invested.
-8.24%
Cash On Cash
4.8%
Cap Rate
0.74
DSCR
$3,688
Rent
-$823
Cashflow
Cash Flow
$3,688 income − $4,511 expenses = $823 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,688
Total Expenses
$4,511
Mortgage P&I
71%
$2,616
Property Taxes
13%
$469
Home Insurance
5%
$170
HOA
0%
$0
Property Management
12%
$443
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$406