This property looks like a bad Mid-Term investment with a projected -5.53% first-year return on $119k initial cash invested.
-5.53%
Cash On Cash
5.5%
Cap Rate
0.85
DSCR
$4,026
Rent
-$548
Cashflow
Cash Flow
$4,026 income − $4,574 expenses = $548 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,020
Closing costs
1%
$4,801
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,026
Total Expenses
$4,574
Mortgage P&I
64%
$2,589
Property Taxes
11%
$448
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$483
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$443