This property looks like a bad Mid-Term investment with a projected -15.97% first-year return on $119k initial cash invested.
-15.97%
Cash On Cash
2.91%
Cap Rate
0.44
DSCR
$2,040
Rent
-$1,581
Cashflow
Cash Flow
$2,040 income − $3,621 expenses = $1,581 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,980
Closing costs
1%
$4,799
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,040
Total Expenses
$3,621
Mortgage P&I
131%
$2,663
Property Taxes
5%
$96
Home Insurance
8%
$168
HOA
0%
$0
Property Management
12%
$245
CapEx
4%
$82
Vacancy
3%
$61
Maintenance
4%
$82
Other
11%
$224