This property looks like a bad Mid-Term investment with a projected -8.18% first-year return on $120k initial cash invested.
-8.18%
Cash On Cash
4.84%
Cap Rate
0.74
DSCR
$3,424
Rent
-$817
Cashflow
Cash Flow
$3,424 income − $4,241 expenses = $817 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,424
Total Expenses
$4,241
Mortgage P&I
77%
$2,636
Property Taxes
8%
$270
Home Insurance
5%
$170
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377