This property looks like a bad Mid-Term investment with a projected -8.21% first-year return on $119k initial cash invested.
-8.21%
Cash On Cash
4.32%
Cap Rate
0.71
DSCR
$2,930
Rent
-$813
Cashflow
Cash Flow
$2,930 income − $3,743 expenses = $813 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,930
Total Expenses
$3,743
Mortgage P&I
83%
$2,425
Property Taxes
5%
$154
Home Insurance
6%
$168
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322