This property looks like a bad Mid-Term investment with a projected -13.71% first-year return on $119k initial cash invested.
-13.71%
Cash On Cash
3.24%
Cap Rate
0.51
DSCR
$2,384
Rent
-$1,358
Cashflow
Cash Flow
$2,384 income − $3,742 expenses = $1,358 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,100
Closing costs
1%
$4,805
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,384
Total Expenses
$3,742
Mortgage P&I
107%
$2,559
Property Taxes
8%
$198
Home Insurance
7%
$175
HOA
0%
$0
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$72
Maintenance
4%
$95
Other
11%
$262