This property looks like a bad Mid-Term investment with a projected -9.37% first-year return on $119k initial cash invested.
-9.37%
Cash On Cash
4.53%
Cap Rate
0.69
DSCR
$3,130
Rent
-$931
Cashflow
Cash Flow
$3,130 income − $4,061 expenses = $931 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,130
Total Expenses
$4,061
Mortgage P&I
84%
$2,628
Property Taxes
6%
$194
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344