This property looks like a bad Mid-Term investment with a projected -9.5% first-year return on $119k initial cash invested.
-9.5%
Cash On Cash
4.36%
Cap Rate
0.68
DSCR
$2,800
Rent
-$940
Cashflow
Cash Flow
$2,800 income − $3,740 expenses = $940 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%
$95,980
Closing costs
1%
$4,799
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,800
Total Expenses
$3,740
Mortgage P&I
92%
$2,570
Property Taxes
2%
$50
Home Insurance
6%
$168
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308