This property looks like a bad Mid-Term investment with a projected -4.48% first-year return on $119k initial cash invested.
-4.48%
Cash On Cash
5.91%
Cap Rate
0.89
DSCR
$3,819
Rent
-$445
Cashflow
Cash Flow
$3,819 income − $4,264 expenses = $445 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%
$96,400
Closing costs
1%
$4,820
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,819
Total Expenses
$4,264
Mortgage P&I
70%
$2,665
Property Taxes
3%
$125
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$420