This property looks like a bad Mid-Term investment with a projected -8.94% first-year return on $119k initial cash invested.
-8.94%
Cash On Cash
4.55%
Cap Rate
0.71
DSCR
$3,750
Rent
-$885
Cashflow
Cash Flow
$3,750 income − $4,635 expenses = $885 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,750
Total Expenses
$4,635
Mortgage P&I
68%
$2,554
Property Taxes
17%
$639
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412