This property looks like a bad Mid-Term investment with a projected -6.82% first-year return on $119k initial cash invested.
-6.82%
Cash On Cash
5.2%
Cap Rate
0.79
DSCR
$3,411
Rent
-$675
Cashflow
Cash Flow
$3,411 income − $4,086 expenses = $675 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,980
Closing costs
1%
$4,799
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,411
Total Expenses
$4,086
Mortgage P&I
77%
$2,619
Property Taxes
4%
$141
Home Insurance
5%
$168
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375