This property looks like a bad Mid-Term investment with a projected -4.41% first-year return on $119k initial cash invested.
-4.41%
Cash On Cash
6.1%
Cap Rate
0.9
DSCR
$4,233
Rent
-$437
Cashflow
Cash Flow
$4,233 income − $4,670 expenses = $437 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.6%
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
$4,233
Total Expenses
$4,670
Mortgage P&I
64%
$2,708
Property Taxes
8%
$355
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$508
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$466