This property looks like a bad Mid-Term investment with a projected -2.62% first-year return on $119k initial cash invested.
-2.62%
Cash On Cash
6.36%
Cap Rate
0.97
DSCR
$4,770
Rent
-$259
Cashflow
Cash Flow
$4,770 income − $5,029 expenses = $259 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,000
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,770
Total Expenses
$5,029
Mortgage P&I
55%
$2,614
Property Taxes
13%
$625
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$572
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$525