This property looks like a bad Mid-Term investment with a projected -12.87% first-year return on $119k initial cash invested.
-12.87%
Cash On Cash
3.54%
Cap Rate
0.55
DSCR
$2,985
Rent
-$1,278
Cashflow
Cash Flow
$2,985 income − $4,263 expenses = $1,278 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,320
Closing costs
1%
$4,816
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,985
Total Expenses
$4,263
Mortgage P&I
86%
$2,580
Property Taxes
15%
$441
Home Insurance
6%
$184
HOA
1%
$44
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$90
Maintenance
4%
$119
Other
11%
$328