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
3.25%
Cap Rate
0.51
DSCR
$2,595
Rent
-$1,362
Cashflow
Cash Flow
$2,595 income − $3,957 expenses = $1,362 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,420
Closing costs
1%
$4,821
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,595
Total Expenses
$3,957
Mortgage P&I
99%
$2,562
Property Taxes
13%
$338
Home Insurance
7%
$175
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285