This property looks like a bad Mid-Term investment with a projected -7.14% first-year return on $119k initial cash invested.
-7.14%
Cash On Cash
5.13%
Cap Rate
0.79
DSCR
$3,638
Rent
-$707
Cashflow
Cash Flow
$3,638 income − $4,345 expenses = $707 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%
$96,000
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,638
Total Expenses
$4,345
Mortgage P&I
72%
$2,613
Property Taxes
9%
$317
Home Insurance
5%
$164
HOA
0%
$13
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$400