This property looks like a bad Mid-Term investment with a projected -3.81% first-year return on $119k initial cash invested.
-3.81%
Cash On Cash
5.93%
Cap Rate
0.93
DSCR
$4,718
Rent
-$377
Cashflow
Cash Flow
$4,718 income − $5,095 expenses = $377 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,920
Closing costs
1%
$4,796
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,718
Total Expenses
$5,095
Mortgage P&I
54%
$2,559
Property Taxes
16%
$759
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$566
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$519