This property looks like a bad Mid-Term investment with a projected -5.3% first-year return on $120k initial cash invested.
-5.3%
Cash On Cash
5.27%
Cap Rate
0.85
DSCR
$4,162
Rent
-$529
Cashflow
Cash Flow
$4,162 income − $4,691 expenses = $529 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$96,980
Closing costs
1%
$4,849
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,162
Total Expenses
$4,691
Mortgage P&I
60%
$2,493
Property Taxes
15%
$614
Home Insurance
4%
$170
HOA
0%
$0
Property Management
12%
$499
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$458