This property looks like a bad Mid-Term investment with a projected -2.61% first-year return on $120k initial cash invested.
-2.61%
Cash On Cash
5.99%
Cap Rate
0.97
DSCR
$4,832
Rent
-$261
Cashflow
Cash Flow
$4,832 income − $5,093 expenses = $261 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%
$97,000
Closing costs
1%
$4,850
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,832
Total Expenses
$5,093
Mortgage P&I
51%
$2,488
Property Taxes
16%
$792
Home Insurance
4%
$170
HOA
0%
$0
Property Management
12%
$580
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$532