This property looks like a bad Mid-Term investment with a projected -1.88% first-year return on $119k initial cash invested.
-1.88%
Cash On Cash
6.5%
Cap Rate
1
DSCR
$4,594
Rent
-$186
Cashflow
Cash Flow
$4,594 income − $4,780 expenses = $186 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,594
Total Expenses
$4,780
Mortgage P&I
57%
$2,602
Property Taxes
10%
$448
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$551
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$505