This property looks like a bad Mid-Term investment with a projected -8.32% first-year return on $119k initial cash invested.
-8.32%
Cash On Cash
4.44%
Cap Rate
0.72
DSCR
$3,360
Rent
-$828
Cashflow
Cash Flow
$3,360 income − $4,188 expenses = $828 out of pocket
Investment Breakdown
|
Purchase Price
$483k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,620
Closing costs
1%
$4,831
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,360
Total Expenses
$4,188
Mortgage P&I
74%
$2,483
Property Taxes
10%
$343
Home Insurance
7%
$220
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$370