This property looks like a bad Mid-Term investment with a projected -7.98% first-year return on $119k initial cash invested.
-7.98%
Cash On Cash
4.98%
Cap Rate
0.75
DSCR
$3,268
Rent
-$790
Cashflow
Cash Flow
$3,268 income − $4,058 expenses = $790 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,060
Closing costs
1%
$4,803
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,268
Total Expenses
$4,058
Mortgage P&I
81%
$2,654
Property Taxes
4%
$118
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359