This property looks like a bad Mid-Term investment with a projected -7.95% first-year return on $119k initial cash invested.
-7.95%
Cash On Cash
4.46%
Cap Rate
0.73
DSCR
$3,022
Rent
-$787
Cashflow
Cash Flow
$3,022 income − $3,809 expenses = $787 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,960
Closing costs
1%
$4,798
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,022
Total Expenses
$3,809
Mortgage P&I
81%
$2,451
Property Taxes
5%
$156
Home Insurance
6%
$174
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332