This property looks like a bad Mid-Term investment with a projected -10.91% first-year return on $119k initial cash invested.
-10.91%
Cash On Cash
3.8%
Cap Rate
0.61
DSCR
$2,678
Rent
-$1,084
Cashflow
Cash Flow
$2,678 income − $3,762 expenses = $1,084 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,678
Total Expenses
$3,762
Mortgage P&I
93%
$2,503
Property Taxes
7%
$174
Home Insurance
7%
$175
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295