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
6.48%
Cap Rate
0.98
DSCR
$4,842
Rent
-$260
Cashflow
Cash Flow
$4,842 income − $5,102 expenses = $260 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,360
Closing costs
1%
$4,818
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,842
Total Expenses
$5,102
Mortgage P&I
55%
$2,668
Property Taxes
13%
$623
Home Insurance
3%
$164
HOA
0%
$0
Property Management
12%
$581
CapEx
4%
$194
Vacancy
3%
$145
Maintenance
4%
$194
Other
11%
$533