This property looks like a bad Mid-Term investment with a projected -7.85% first-year return on $119k initial cash invested.
-7.85%
Cash On Cash
4.89%
Cap Rate
0.76
DSCR
$3,795
Rent
-$780
Cashflow
Cash Flow
$3,795 income − $4,575 expenses = $780 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,460
Closing costs
1%
$4,823
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,795
Total Expenses
$4,575
Mortgage P&I
68%
$2,594
Property Taxes
14%
$521
Home Insurance
4%
$170
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417