This property looks like a bad Mid-Term investment with a projected -6.03% first-year return on $119k initial cash invested.
-6.03%
Cash On Cash
5.48%
Cap Rate
0.83
DSCR
$3,903
Rent
-$599
Cashflow
Cash Flow
$3,903 income − $4,502 expenses = $599 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,360
Closing costs
1%
$4,818
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,903
Total Expenses
$4,502
Mortgage P&I
68%
$2,643
Property Taxes
9%
$363
Home Insurance
4%
$170
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429