This property looks like a bad Mid-Term investment with a projected -17.36% first-year return on $120k initial cash invested.
-17.36%
Cash On Cash
2.44%
Cap Rate
0.37
DSCR
$1,840
Rent
-$1,734
Cashflow
Cash Flow
$1,840 income − $3,574 expenses = $1,734 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,840
Total Expenses
$3,574
Mortgage P&I
144%
$2,647
Property Taxes
7%
$131
Home Insurance
9%
$170
HOA
0%
$0
Property Management
12%
$221
CapEx
4%
$74
Vacancy
3%
$55
Maintenance
4%
$74
Other
11%
$202