This property looks like a bad Mid-Term investment with a projected -1.58% first-year return on $120k initial cash invested.
-1.58%
Cash On Cash
6.24%
Cap Rate
1
DSCR
$4,065
Rent
-$158
Cashflow
Cash Flow
$4,065 income − $4,223 expenses = $158 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$96,960
Closing costs
1%
$4,848
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,065
Total Expenses
$4,223
Mortgage P&I
62%
$2,516
Property Taxes
4%
$149
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$488
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$447