This property looks like a bad Mid-Term investment with a projected -6.63% first-year return on $119k initial cash invested.
-6.63%
Cash On Cash
5.04%
Cap Rate
0.8
DSCR
$3,864
Rent
-$656
Cashflow
Cash Flow
$3,864 income − $4,520 expenses = $656 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,000
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,864
Total Expenses
$4,520
Mortgage P&I
65%
$2,519
Property Taxes
13%
$484
Home Insurance
4%
$168
HOA
1%
$34
Property Management
12%
$464
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$425