This property looks like a bad Mid-Term investment with a projected -7.24% first-year return on $119k initial cash invested.
-7.24%
Cash On Cash
5.07%
Cap Rate
0.78
DSCR
$3,948
Rent
-$719
Cashflow
Cash Flow
$3,948 income − $4,667 expenses = $719 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,300
Closing costs
1%
$4,815
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,948
Total Expenses
$4,667
Mortgage P&I
66%
$2,597
Property Taxes
14%
$536
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$474
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$434